Portfolio of 1,904 affordable units across 48 buildings in Bronx
New York City’s multifamily market experienced a robust first quarter with dollar volume totaling $2.87 billion, a 451 percent increase compared to 1Q 2021 and well above the five-year quarterly average of $1.90 billion, according to Ariel Property Advisors’ 1Q 2022 Multifamily Quarter in Review.
Corner Mixed Use Property, Three Commercial Units & Two Residential Units: 3602 Clarendon Road
This two-story building encompasses approximately 4,000 square feet. The unit mix consists of two (2) free market two-bedroom / one bath residential units and three (3) commercial units.
Three Contiguous Three-Family Homes With Parking: 365-369 East 28th Street
This portfolio is comprised of three separate three-family homes on individual lots. The buildings each consist of three floors with full basements and parking in the front.