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Ariel Property Advisors sells 3-building Bronx multifamily portfolio for $7.5M
The deal covers 143 rent-stabilized apartments across three buildings, totaling 140,470 square feet.
Ariel Property Advisors arranged the sale of a three-building multifamily portfolio in the Bronx for $7.5 million, according to ConnectCRE.
The properties are located at 2460 Grand Ave. and 636-646 E. 231st St., spanning one elevator building and two walk-up buildings.
The portfolio totals 140,470 square feet and includes 143 apartments, with unit types ranging from studios to one-, two-, and three-bedroom homes.
The reported pricing equates to $52,447 per unit and $53 per square foot, and Ariel’s team noted the assets’ scale and location near transit, retail corridors, and institutional anchors.