Bronx Multifamily Real Estate

Abro sells three Bronx elevator buildings for $27M Partnership led by investor Vincent Gjonaj closes on 155-unit Bedford Park rentals

A partnership led by Bronx investor Vincent Gjonaj closed on the purchase of three multifamily buildings in the borough’s Bedford Park section from Long Island-based Abro Management Corp. for $27.3 million.

Gjonaj’s Nincila Properties acquired the elevator buildings – two connected properties at 253 East 202上海千花网交友

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nd StreetAnd 254 East 203rd Street, and an adjacent building at 254 East 202nd Street – in an off-market transaction with Abro, which is based in Woodmere, N.Y., and led by president Richard Scharf.

Combined, the buildings hold 155 rent-regulated apartments across nearly 165,000 square feet and feature 55 indoor garage parking spaces. The two connected buildings house 105 units across 101,000 square feet and have 35 indoor parking spaces, while 254 East 202nd Street holds 50 apartments across nearly 64,000 squar爱上海同城

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e feet and has 20 parking spots.

Midtown-based爱上海同城

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Friedman-Roth Realty Services represented both the buyer and seller, with broker Wells爱上海

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Newell handling the deal on behalf of Abro and Guiseppe Inglese procuring the purchaser, the brokerage said in a statement.

Abro owned the properties, which were constructed in the 1960s, for more than 20 years – having acqu阿爱上海同城

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ired them in 1994.

The landlord acquired a 86-unit, 92,000-square-foot East Village rental building from David Kramer’s Hudson Companies for $60 million last year, as The Real Deal reported.

Abro did not return requests for comment, while Gjonaj could not immediately be reached for comment.

Tags: abro management, Friedman-Roth Realty Services, the Bronx
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