Taconic and Clarion Trade Bronx Apartment Portfolio to Intervest
InterVest Capital Partners has acquired a seven-asset multifamily portfolio totaling 503 units and 497,824 square feet across the Bronx from Taconic Partners and Clarion Partners. Published reports say the portfolio went for $65 million.
The properties include 1098-1114 Gerard Ave., 1197 Grand Concourse, 1065 Jerome Ave., 1534 Selwyn Ave., 2543-2567 Decatur Ave., 2608 Creston Ave. and 2353-3257 Crotona Ave.
According to a source, Cushman & Wakefield’s Adam Spies, Adam Doneger and Eric Roth brokered the sale. Cushman & Wakefield declined to comment.