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.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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