Prana buys five-building Bronx portfolio for $36M

Prana Investments sunk its teeth into a five-building West Bronx multifamily portfolio for $35.8 million, or about $184 per square foot, sources told The Real Deal. The portfolio consists of three five-story walk-ups and two six-story elevator buildings, largely concentrated in the Fordham neighborhoods. The buildings have a total of 214 apartments and span about […]

Bronx i-sales grew in first half of 2016, multifamily market remained strong

Buyers aren’t shying away from the Bronx’s investment sales market, even as the rest of the city saw the number of deals shrink in the first six months of the year, according to the mid-year report from Ariel Property Advisors. Sales from 322 properties and 188 deals in the borough totaled $1.4 billion in the […]