GFI Realty Services closed the $6.4-million sale of 864 E. 149th St, a walk-up building with 46 rental apartments in the Mott Haven section of the Bronx. Director Zachary Fuchs represented both the seller, NY Metro Holdings, and the buyer, a local investor.
Constructed in 1928, the six-story building totals approximately 37,906 square feet, and includes 27 one-bedroom apartments, 18 two-bedroom apartments and one three-bedroom apartment.
“The buyer immediately recognized the value of this cash-producing asset and intends to hold onto the property for the long term and invest in capital improvements,” said Fuchs.
864 E. 149th is convenient to the Hub, the Bruckner Expressway and the 2-5-6 subway lines.
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).
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!