Bronx Multifamily Properties Go for $4.2 Million

NEW YORK—Two contiguous, five-story apartment buildings at 2411-2415 Prospect Avenue, located in close proximity to the Little Italy section of the Bronx, were sold in an all-cash transaction valued at $4.2 million.

Karl Brumback, director of sales, Massey Knakal, exclusively handled the transaction.

Combined, the two buildings consist of 54 units. Fifty-three of those units are residential units while one is a recently constructed office space suitable for onsite management or conversion to an apartment.

The 53 apartments are made up of 30 one-bedroom units, 21 two-bedroom units, one four-bedroom unit, and one super’s unit. Together, the buildings total approximately 41,500 sq. ft. The sale price equates to approximately $100 per sq. ft.

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