New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
3rd-Generation Owners Divest Last of Bronx Properties
Brix Real Estate Advisors arranged the $6.3 million sale of a 36-unit, six-story multifamily building at 55 E. 196th St. in the Kingsbridge section of the Bronx.
Matthew Barbaccia and Christian Dedvukaj of Brix represented both the sellers, Gail Davis and Stuart Manitsky of Rooftops Realty Inc., and the buyers, local investors.
According to Barbaccia, the sale price represents the “highest price per unit” for a multifamily building in the Bronx in 2020. Twenty-seven out of 36 units in the building are free market, which, Barbaccia said, “is very unique in the Bronx.”
The sellers’ family built the property in the 1940s and the grandchildren of the original developer/owner have operated and managed the property. “This was their last property in Bronx and they felt it was a good time to sell,” said Dedvukaj.
Connect New York 2020 is set to take place on Wednesday, April 29 at Upper Story by Charlie Palmer. For more information, or to register, click here.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition

