New York & Tri-State + Apartments | April 15, 2021

CushWake Arranges Sale of Adjacent Multifamily Properties in North Bronx

Cushman & Wakefield announced arranged the sale of 66-72 E. 190th St., two adjacent five-story properties totaling 39 residential units and one commercial unit in the Bronx’s Fordham neighborhood. The final closing price was $4,600,000.

A Cushman & Wakefield team of Eric Roth, Jonathan Squires and Tyler Signora represented the seller.

“Throughout the pandemic, 66 and 72 E. 190th Street’s location and pristine condition aided the property in staying fully occupied with strong collections. Investors found these assets highly desirable and a competitive sales process ensued,” said Roth.

Squires added, “66 and 72 E. 190th St. are a pair of North Bronx apartment buildings that encompass all of the desirable attributes of long-term ownership. Relative to the rest of the city, the Bronx’s multifamily market saw much less vacancy and therefore less adjustment in pricing through the COVID-19 pandemic.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).