
GFI Closes Multifamily Sale in Bronx’s Norwood Neighborhood
GFI Realty Services arranged the $3.250-million sale of 3091 Webster Ave., a 25-unit multifamily building located in the Norwood section of the Bronx. GFI associate Zachary Fuchs and senior managing director Matthew Sparks represented the seller, Lenny Prainito. Fuchs also represented the buyer, a local investor.
Constructed in 1920, the five-story building totals approximately 21,218 square feet, and is composed of 19 two-bedroom apartments and six one-bedroom apartments.
“This asset benefits from its positioning in proximity to the Bainbridge Avenue commercial corridor and Bronx Park,” said Sparks. “In addition, the neighborhood of Norwood is within blocks of the Fordham Manor area and all of its amenities.”
Added Fuchs, “The buyer immediately recognized the value of this cash-producing asset and intends to keep the asset for the long term and invest in capital improvements.”
- ◦Sale/Acquisition