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Bronx Multifamily Building Sold for $4 Million – Real Estate Investment Opportunity

Bronx Multifamily Building Sold for $4 Million - Real Estate Investment Opportunity

Marc Resnick recently purchased 1342 St. Lawrence Avenue, a multifamily building located in the Soundview section of the Bronx, from Sam Zherka for $4.150 million. Constructed in 1928 with 29 units and an antenna, this 20,620 square foot property features 23 one-bedroom apartments and six two-bedroom apartments. The buyer intends to hold onto the property for a long period of time while making capital improvements along the way.

Zachary Fuchs from GFI Realty acted as broker representing both parties involved in this transaction.

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