January 29, 2021 – Will Kiriazidis of Horvath & Tremblay has successfully completed the sale of a 4-unit Multi-Family in Yonkers, New York. Kiriazidis exclusively represented the seller to complete the transaction at a sale price of $715,000, which is $178,750 per unit.
17 Crescent Place is a two-story, four-family building with a garage and off-street parking and contains (1), 2-Bedroom/1-Bathroom unit and three (3), 1-Bedroom/1-Bathroom units in 2,880 square feet of gross living area on two parcels totaling 0.16 acres. 17 Crescent Place is well-located on the corner of Crescent Place and Sherwood Avenue in southeast Yonkers. Southeast Yonkers is nestled between Interstate 87 and the Bronx River Parkway and offers a highly walkable neighborhood. This is an extremely transit oriented location and is less than ¼ mile from the Mount Vernon West Metro North Train Station and ½-mile from the 241st Street Subway Station. Additionally, the property features many area amenities for residents including numerous dining, entertainment, and retail options.
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.