The Reel

Follow us:

A blog for breaking sales and neighborhood real estate news.

Two contiguous, five-story apartment buildings at 2411-2415 Prospect Avenue, located steps from the Little Italy section of the Bronx, were sold in an all-cash transaction valued at $4,200,000.

The two buildings consist of 54 units, of which, 53 are residential and one is a recently constricted office space suitable for onsite management or conversion to an apartment. The 53 apartments are made up of 30 one-bedroom units, 21 two-bedroom units, one four-bedroom unit, and one super’s unit. Together, the buildings total approximately 41,500 square feet on a 100’ x 95’ lot. The sale price equates to approximately $100 per square foot.

“The property is very well-maintained and managed; many of the units had been extensively renovated,” said Massey Knakal Director of Sales Karl Brumback who exclusively handled this transaction.

Click here for press release

Agents: Karl Brumback