{"id":345671,"date":"2026-09-13T16:46:11","date_gmt":"2026-09-13T16:46:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/345671\/"},"modified":"2026-09-13T16:46:11","modified_gmt":"2026-09-13T16:46:11","slug":"bronx-grand-ave-portfolio","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/345671\/","title":{"rendered":"Bronx Grand Ave Portfolio"},"content":{"rendered":"<p>            <a href=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/09\/Untitled-April-05-2026-at-15.21.04-12-1.jpeg\" data-caption=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"365\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/09\/Untitled-April-05-2026-at-15.21.04-12-1.jpeg\" alt=\"Bronx Grand Ave Portfolio\" title=\"Bronx Grand Ave Portfolio\"\/><\/a><\/p>\n<p><a href=\"https:\/\/arielpa.nyc\/\" target=\"_blank\" rel=\"noopener nofollow\">Ariel Property Advisors<\/a> arranged the sale of a three-building multifamily portfolio at <a href=\"https:\/\/www.openigloo.com\/building\/nyc\/2014409-2032030007\/bronx-kingsbridge-heights-2460-grand-avenue-10468\" target=\"_blank\" rel=\"noopener nofollow\">2460 Grand Ave.<\/a> and <a href=\"https:\/\/arielpa.nyc\/properties\/on-the-market#0\" target=\"_blank\" rel=\"noopener nofollow\">636-646 E. 231st St.<\/a> in the Bronx for $7.5 million. Senior director Sam Schertz, director Daniel Mahfar and investment sales associate Erik Maloney represented the seller.<\/p>\n<p>\u201cThis sale highlights the continued demand for multifamily properties offering scale and long-term upside in well-connected neighborhoods in The Bronx,\u201d said Schertz. \u201cWith 143 apartments across three buildings, the portfolio presented a compelling opportunity to acquire a substantial rent-stabilized housing portfolio near major transit, retail corridors and institutional anchors.\u201d<\/p>\n<p>Bordering the neighborhoods of Wakefield and Fordham Manor, the portfolio comprises one elevator building and two walk-up buildings totaling 140,470 square feet, with units ranging from studios to one-, two-, and three-bedroom apartments. The sale price translates to $52,447 per\/unit and $53 per square foot.<\/p>\n<p>arranged the sale of a three-building multifamily portfolio at 2460 Grand Ave. and 636-646 E. 231st St. in the Bronx for $7.5 million. Senior director Sam Schertz, director Daniel Mahfar and investment sales associate Erik Maloney represented the seller.<\/p>\n<p>\u201cThis sale highlights the continued demand for multifamily properties offering scale and long-term upside in well-connected neighborhoods in The Bronx,\u201d said Schertz. \u201cWith 143 apartments across three buildings, the portfolio presented a compelling opportunity to acquire a substantial rent-stabilized housing portfolio near major transit, retail corridors and institutional anchors.\u201d<\/p>\n<p>Bordering the neighborhoods of Wakefield and Fordham Manor, the portfolio comprises one elevator building and two walk-up buildings totaling 140,470 square feet, with units ranging from studios to one-, two-, and three-bedroom apartments. The sale price translates to $52,447 per\/unit and $53 per square foot.<\/p>\n<p><a class=\"gofollow\" data-track=\"MjQ1LDYsNjA=\" href=\"http:\/\/umadvisory.org\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/09\/1789317971_422_UMA-digi-ad-leaderboard.jpg\" title=\"UMAdvisory\" border=\"0px\"\/><\/a>        <\/p>\n","protected":false},"excerpt":{"rendered":"Ariel Property Advisors arranged the sale of a three-building multifamily portfolio at 2460 Grand Ave. and 636-646 E.&hellip;\n","protected":false},"author":2,"featured_media":345672,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[434,128,17385,2006,17024,2008,30053,9,24,63,44348,129,131,130,2010,73995],"class_list":["post-345671","post","type-post","status-publish","format-standard","has-post-thumbnail","category-the-bronx","tag-ariel-property-advisors","tag-bronx","tag-bronx-new-york","tag-mid-rise","tag-mixed-use","tag-multifamily","tag-multifamily-portfolio","tag-new-york","tag-new-york-city","tag-nyc","tag-stabilization","tag-the-bronx","tag-the-bronx-headlines","tag-the-bronx-news","tag-transit-oriented","tag-value-add"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/345671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=345671"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/345671\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/345672"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=345671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=345671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=345671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}