The Reel

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A blog for breaking sales and neighborhood real estate news.

Massey Knakal Realty Services has been retained on an exclusive basis to arrange for the sale of 145 cooperative units located at 2100-2120 Wallace Avenue, a 150 unit elevatored multifamily building that undoubtedly represents some of the highest quality housing stock in the East Bronx. The units for sale comprise 96.5% of the cooperative shares. The 6 buildings that make up the property feature recently upgraded amenities and surround a beautifully manicured interior courtyard. With averages rents exceeding $1,200 and renovated 2 bedroom apartments leasing for $1500 and over, it is evident that both quality product and high demand for housing in the neighborhood of Pelham Parkway make this asset a stable investment whose appreciation will outstrip that of most of its borough peers in the years to come.

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Neighborhoods: Pelham Parkway