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501-513, 523, 539 & 549-561 Commonwealth Avenue. & 502, 520, 540-542 & 550 Rosedale Avenue

The Multi Family property located in New York that spans 376,218 square feet sold for $91,000,000 or $242 PPSF. The deal closed 9 months and 23 days ago. The brokers of the deal were Victor Sozio, Shimon Shkury, Michael Tortorici, Jason M. Gold and Daniel Mahfar

  • Location image 501-513 Commonwealth Ave, Bronx, NY, USA
  • Sold Value
    image $91,000,000
    image $242
  • Asset Type image Multi Family
  • Area image 376,218 SF
  • Parties image5 Brokers,1 Agency
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Victor Sozio

Ariel Property Advisors
  • Deals 47
  • Volume $902,570,000
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Shimon Shkury

Ariel Property Advisors
  • Deals 16
  • Volume $634,560,000
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Michael Tortorici

Ariel Property Advisors
  • Deals 17
  • Volume $203,080,000
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Jason M. Gold

Ariel Property Advisors
  • Deals 16
  • Volume $221,670,000
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Daniel Mahfar

Ariel Property Advisors
  • Deals 14
  • Volume $195,340,000
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Ariel Property Advisors

Agency
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Comparables: 501-513, 523, 539 & 549-561 Commonwealth Avenue. & 502, 520, 540-542 & 550 Rosedale Avenue

Showing 4 of 10

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Price Icon $78,000,000

  • StatusSOLD, $586 PPSF
  • Date05/31/22
  • Address231 East 76th Street, New York City, New York 10021, United States
  • Address231 East...
  • AssetMULTI FAMILY
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Price Icon $90,000,000

  • StatusSOLD, $583 PPSF
  • Date05/09/22
  • Address98 Riverside Drive, New York City, New York 10023, United States
  • Address98 Riverside...
  • AssetMULTI FAMILY
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Price Icon $100,000,000

  • StatusSOLD, $703 PPSF
  • Date03/15/22
  • Address56 7th Avenue, New York City, New York 10011, United States
  • Address56 7th...
  • AssetMULTI FAMILY
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Price Icon $92,000,000

  • StatusSOLD, $244 PPSF
  • Date03/04/22
  • Address399 Audubon Avenue, New York City, New York 10033, United States
  • Address399 Audubon...
  • AssetMULTI FAMILY
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This Deal on Social

SALE
IMAGE: Victor Sozio, Shimon Shkury, Michael Tortorici & Daniel Mahfar
DATE: 09/17/2021
ADDRESS: 501-513, 523, 539 & 549-561 Commonwealth Ave. & 502, 520, 540-542 & 550 Rosedale Ave.
MARKET: Bronx
ASSET TYPE: Multifamily

BUYER: Phoenix Realty Group
SELLER: Spencer Equity Group
BROKERS: Victor Sozio, Shimon Shkury, Michael Tortorici & Daniel Mahfar – @ArielPA.NYC

SALE PRICE: $91,000,000
SF: 376,218 ~ PPSF: $241
UNITS: 472 ~ PPU: $192,796

Text Content: img

SALE
IMAGE: Victor Sozio, Shimon Shkury, Michael Tortorici & Daniel Mahfar
DATE: 09/17/2021
ADDRESS: 501-513, 523, 539 & 549-561 Commonwealth Ave. & 502, 520, 540-542 & 550 Rosedale Ave.
MARKET: Bronx
ASSET TYPE: Multifamily

BUYER: Phoenix Realty Group
SELLER: Spencer Equity Group
BROKERS: Victor Sozio, Shimon Shkury, Michael Tortorici & Daniel Mahfar – @ArielPA.NYC

SALE PRICE: $91,000,000
SF: 376,218 ~ PPSF: $241
UNITS: 472 ~ PPU: $192,796

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Contact Victor Sozio

Victor Sozio is one of the Founding Members of Ariel Property Advisors. Serving the company as Executive Vice President in...

Shimon Shkury is the Founder and President of Ariel Property Advisors. As President he oversees all investment sales, capital services...

Michael A. Tortorici is one of the Founding Members of Ariel Property Advisors. Serving the company as Executive Vice President...

Jason Gold is an Investment Sales Professional at Ariel Property Advisors. In addition to originating and executing exclusive listing sales,...

Daniel Mahfar is an Investment Sales Professional at Ariel Property Advisors, responsible for executing the company’s exclusive listings and facilitating...

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Victor Sozio
President
Ariel Property Advisors
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Shimon Shkury
President
Ariel Property Advisors
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Michael Tortorici
Vice President, Founding Member
Ariel Property Advisors
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Jason M. Gold
Vice President
Ariel Property Advisors
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Daniel Mahfar
Director - Investment Sales
Ariel Property Advisors
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