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.