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

Massey Knakal Sells Two Multifamily Buildings In Bronxville

09/30/2014

Two multifamily building at 107-109 and 111 Kensington Road, located between Avon and Minturn Roads in Bronxville, Westchester County, were sold in an all-cash transaction valued at $2,800,000.

The two buildings combine for approximately 13,200 square feet, 17 residential units, and five parking garage spaces.  They consist of eight one-bedroom units and nine two-bedroom units.  Washer and dryer facilities are located on premises and each unit comes with one parking space, in addition to the five parking garage spaces.  The sale price equates to approximately $212 per square foot.

Located on border of Bronxville and Tuckahoe, the properties are less than a ten minute walk from the Tuckahoe Metro-North train station, offering a 30-minute train ride to Midtown Manhattan.

“This sale is a testament to the strength of the multifamily market in the suburbs surrounding New York City,” said Massey Knakal’s Robert M. Shapiro, who exclusively handled this transaction with William Eisenhut. “This rare opportunity to own in Bronxville, one of Westchester’s most desirable villages, generated a tremendous amount of interest from the marketplace,” added Eisenhut.

www.masseyknakal.com

09/30/2014 - 10:28

Source

Cushman & Wakefield Capital Markets Group New York

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