New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Team Doshi Completes Sale of North Bronx Walkup
Meridian’s Amit Doshi and Shallini Mehra just closed on the sale of 3405 Kossuth Ave., a six-story corner walkup building in the Norwood neighborhood of the Bronx. The 34,455-square-foot residential building includes 37 apartments and features 175 feet of wraparound frontage. The property traded for $5.15 million.
“The seller, David Katz of MacArthur Holdings as well as his partners, have owned the building for more than 25 years and have kept it in pristine condition, resulting in over 95% collections,” said Mehra. “This enclave is surrounded by parks on all sides with Montefiore Hospital in the center, making it an extremely desirable location for renters.”
Doshi added, “The purchaser, the Rugoya family, is a very experienced operator with vast holdings predominantly in the North Bronx. The acquisition of 3405 Kossuth is a welcome addition to their existing portfolio, and they likely won’t trade this property for decades.”
- ◦Sale/Acquisition
