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Ariel Completes Two Bronx Multifamily Deals
Ariel Property Advisors brokered the sale of two Bronx multifamily buildings at 425 Claremont Pkwy. and 756 Fox St. The two assets sold for $5 million and $4.2 million, respectively.
425 Claremont is a 46-unit elevator building in Claremont. The property is situated on a major Claremont neighborhood thoroughfare, spans approximately 56,700 square feet across six stories and contains five one-bedrooms, 17 two-bedrooms, 23 three-bedrooms and one four-bedroom, as well as an apartment for the superintendent.
Ariel EVP Victor Sozio, directors Daniel Mahfar and Jason Gold and associate Oliver Elihu represented the seller.
756 Fox St. is a 24-unit, five-story walkup corner building in Woodstock, comprising 20,250 square feet across four studios, five one-bedrooms, 14 two-bedrooms and one three-bedroom. The property was delivered vacant to the buyer.
Sozio and Gold represented the seller, along with Ariel directors Matt Gillis and John Higgins.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
