July 20, 2017
Investors paid $26.5 million for a portfolio of 10 apartments in the Bronx.
Brooklyn Standard Properties and Cohen Commercial Properties have partnered to acquire the portfolios, which feature 104 apartments in the Fordham and Belmont neighborhood. That works out to a price of $255,000 per apartment.
Marcus & Millichap represented the seller in the transaction. LAL Property Management Corp. was the seller.
The 10 buildings are located at:
– 2460-2468 and 2490 Belmont Ave.
– 2463 and 2481 Hughes Ave.
– 2454 and 2464 Hoffman St.
For comments, questions or concerns, please contact Bendix Anderson