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GFI Markets Prewar Apartments in the Bronx’s Tremont Section

GFI Realty Services has been named the exclusive sales agent for 617 E. 179th St., a fully-occupied nine-unit multifamily building in the Tremont section of the Bronx. The firm’s Yehoshua Shamel will oversee marketing of the property. Pricing is targeted at $1.695 million.

Constructed in 1910, the four-story building totals approximately 8,580 square feet. Four of the units are three-bedroom, while two are four-bedroom and there are a single-bedroom unit and a two-bedroom unit.

“The asset benefits from the units’ large layouts and the property’s proximity to major commercial corridors,” said Shamel. “Much of the building is rent-stabilized, presenting investors with considerable long-term upside. We anticipate strong interest from buyers who are bullish on the area’s potential, and are looking to break into The Bronx or add to their local portfolios.”

The property is located near the Bronx Zoo, Tremont Park, Crotona Park and the 2 and 5 subway lines.

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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 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).

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