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Norwood Apartments Trade After 35-Year Hold
Cushman & Wakefield has arranged the sale of 144 E. 208th St., a 36,800-square-foot multifamily building in the Bronx’s Norwood neighborhood. The 28-unit property sold for $4,250,000.
“The sale of 144 E. 208th St. was the first ownership transaction of this Bronx property in almost 35 years,” said Cushman & Wakefield’s Jonathan Squires. “One could say that the Bronx market has greatly improved in this time frame, as the seller originally purchased the property for $160,000.”
Squires, together with colleagues Stephen Preuss, Kevin Louie, Eric Roth and Addison Berniker, represented the seller, Don Lou Realty. The buyer wasn’t disclosed.
The Norwood neighborhood benefits from the considerable presence of Montefiore Hospital. 144 E. 208th is directly across the street from Williamsbridge Oval, one of the most popular parks in the borough. It’s also near the D train at 205th Street Station, along with the 4 train at Mosholu Parkway Station.
For comments, questions or concerns, please contact Paul Bubny</a
- ◦Sale/Acquisition
