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A blog for breaking sales and neighborhood real estate news.

A mixed-use portfolio, consisting of two buildings located at 667 East 187th and 1704 Van Buren Streets in the Little Italy and Van Nest neighborhoods of the North Bronx, was sold in an all-cash transaction valued at $7,350,000.

The five-story, walk-up buildings combine for approximately 36,750 square feet with 45 units, of which 39 are apartments and six are ground floor commercial units. The residential unit mix consists of 17 one-bedroom, 21 two-bedroom, and one, three-bedroom apartment.  The sale price equates to approximately $200 per square foot and $163,000 per unit.

“We had multiple offers and were able to place the property in contract in under four weeks,” said Cushman & Wakefield’s Karl Brumback, who exclusively handled this transaction with Nick Burns.

Click here for press release

Agents: Karl Brumback