The Reel

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A blog for breaking sales and neighborhood real estate news.

Two multifamily buildings at 1247 and 1249 Bradford Avenue, located in the Pelham Bay neighborhood of the Bronx, was sold in an all cash transaction valued at $1,075,000.

The three-story property at 1247 Bradford Avenue is approximately 4,563 square feet and sits on a 24’ x 100.62’ lot. There are seven one-bedroom apartments. The building has been meticulously maintained by the same family since 1970.

The two-story property at 1249 Bradford Avenue is approximately 3,100 square feet and sits on a 24’ x 100.62’ lot. There are three one-bedroom apartments and two two-bedroom apartments. There are laundry facilities located on the ground floor for use by tenants in both buildings. The building has been owned and operated by the same owner since 1992.

“Due to a very strong interest in the property, we were able to achieve a final sale price within two percent of the initial asking price in just two months,” said Massey Knakal Director of Sales Nick Burns who exclusively handled this transaction.

Click here for press release

Neighborhoods: Pelham Parkway