March 29, 2021 – Will Kiriazidis of Horvath & Tremblay has successfully completed the sale of a 4-unit Multi-Family in Bronx, New York. Kiriazidis exclusively represented the seller to complete the transaction at a sale price of $775,000, which is $193,750 per unit.
The Property is a two-story, four-family brick building located at 4731 Richardson Avenue in Bronx, New York. The property contains three (3), 2-Bedroom/1-Bathroom units and one (1), 1-Bedroom/1-Bathroom unit in 3,528 square feet of gross living area on 0.06 acres. 4731 Richardson Avenue is well-located in the Wakefield neighborhood of the Bronx. Wakefield is nestled along the Bronx River Parkway and offers a highly walkable neighborhood. This is an extremely transit oriented location and is only 500 feet from the 241st Street Subway Station (Red-Line), ½-mile from the Nereid Avenue Subway Station (Green-Line), less than 1/3-mile from the Wakefield Metro North Station (Harlem Line), and 1-mile from the Mount Vernon East Metro North Train Station (New Haven Line). Additionally, the property features many area amenities for residents including numerous dining, entertainment, and retail options. The Empire City Casino, Yonkers Raceway, and the Cross County Shopping Center, with more than 80 shops and restaurants, are all approximately 1.5-miles away.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.