[New post] Bronx, N.Y., Affordable-Housing Complex Trades for $91Mln

Dan Moynihan posted: "The Real Deal Phoenix Realty Group has paid $91 million, or $194,030/unit, for the 469-unit Academy Gardens affordable-housing complex in the Bronx, N.Y. The New York multifamily specialist acquired the property from Spencer Equity, a Brooklyn, N.Y." New post on Commercial Real Estate Direct Bronx, N.Y., Affordable-Housing Complex Trades for $91Mln by Dan Moynihan The Real Deal Phoenix Realty Group has paid $91 million, or $194,030/unit, for the 469-unit Academy Gardens affordable-housing complex in the Bronx, N.Y. The New York multifamily specialist acquired the property from Spencer Equity, a Brooklyn, N.Y., investor that had bought it in 2016 for $66.6 million. Ariel Property Advisors brokered the latest deal. Academy […] Read more of this post Dan Moynihan | September 29, 2021 at 12:22 pm | Categories: General News, Northeast | URL: https://wp.me/pcdE10-2iT1 Unsubscribe to no longer receive posts from Commercial Real Estate Direct. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://crenews.com/2021/09/29/bronx-n-y-affordable-housing-complex-trades-for-91mln/