GFI Realty Services today announced the $6.4-million sale of 864 East 149th Street, a walk-up building comprised of 46 units located in the Mott Haven section of the Bronx. GFI Director Zachary Fuchs represented the seller, NY Metro Holdings and the buyer, a local investor.
Constructed in 1928, the six-story building totals approximately 37,906 square feet, and is composed of twenty-seven one-bedroom apartments, eighteen two-bedroom apartments and one three-bedroom apartment.
“The buyer immediately recognized the value of this cash producing asset and intends to hold onto the property for the long term and invest in capital improvements,” said Fuchs.
The asset is situated in the Mott Haven area of the south Bronx and is in proximity to the Hub, the Bruckner Expressway and the 2-5-6 subway lines.