Phoenix Realty Group Acquires Bronx Multifamily Portfolio For $91M | 501-513, 523, 539 & 549-561 Commonwealth Avenue. & 502, 520, 540-542 & 550 Rosedale Avenue | Victor Sozio, Shimon Shkury, Daniel Mahfar, Jason M. Gold, Michael Tortorici | MultiFamily | Sale

Summary

Sale

NEW YORK

MultiFamily

376,218 sqft

Phoenix Realty Group has acquired a multifamily property in Bronx for $91,000,000. The property, located at 501-513, 523, 539 & 549-561 Commonwealth Ave. & 502, 520, 540-542 & 550 Rosedale Ave., spans a total of 376,218 square feet. With a price per square foot of $241, the property consists of 472 units, resulting in a price per unit of $192,796.

Summary of transation details

Property Type: Multifamily
Transaction Amount: $91,000,000
Square Footage: 376,218
Price per Square Foot: $241
Number of Units: 472
Price per Unit: $192,796

The sale was facilitated by Victor Sozio, Shimon Shkury, Michael Tortorici, and Daniel Mahfar from rielPA.NYC. The seller, Spencer Equity Group, successfully closed the deal with Phoenix Realty Group.

Players

All
6

Agents
5
Agencies
1

$1.8B Sold

$1.4B Sold

$599.3M Sold

$656.1M Sold

Vice President, Founding Member

$297.2M Sold

Ariel Property Advisors

Details

Deal Summary

SOLD

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

View on map

Address501-513, 523, 539 & 549-561 Commonwealth Avenue. & 502, 520, 540-542 & 550 Rosedale Avenue

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want