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New York & Tri-State  + Uptown/Bronx  + Apartments  | 

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. 


Inside The Story

InterVest Capital Partners

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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