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Bronx Apartments Trade in Off-Market Deal
Alpha Realty arranged the sale of 1580 Edison Ave. in the Bronx. The four-story apartment building consists of 27 apartments and one retail unit.
Alpha Realty’s Bronx team, Lev Mavashev and Yehuda Leser, represented both parties in this off-market transaction. The seller was looking to capitalize on his asset, and the buyer was a local owner looking to grow his multifamily portfolio.
The asset traded at $4,800,000 which equates to a 6.3% cap rate and $209 per square foot.
- ◦Sale
