Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Massey Knakal Sells 54-Unit Walk-Up Building in The Bronx

07/09/2012

Two contiguous, five-story apartment buildings at 2411-2415 Prospect Avenue, located steps from the Little Italy section of the Bronx, were sold in an all-cash transaction valued at $4,200,000.

The two buildings consist of 54 units, of which, 53 are residential and one is a recently constricted 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 square feet on a 100’ x 95’ lot. The sale price equates to approximately $100 per square foot.

“The property is very well-maintained and managed; many of the units had been extensively renovated,” said Massey Knakal Director of Sales Karl Brumback who exclusively handled this transaction.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,200 transactions having a market value in excess of $15 billion.

www.masseyknakal.com

 

07/09/2012 - 09:44

Source

Cushman & Wakefield Capital Markets Group New York

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