\n1707 Melville Street – Bronx, N.Y. <\/p>\n
\n1707 Melville Street – Bronx, N.Y.
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\n734 East 227th Street – Bronx, N.Y.
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\n520A Wales Avenue – Bronx, N.Y.
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Bronx, NY Investment Property Realty Group\u2019s (IPRG<\/a>) Team Friedman closed five sales totaling $5.3 million in the month of September.<\/p>\n \u2022 1707 Melville St. sold for $1.35 million. Located in Van Nest, the property had been owned by the same family for 43 years. Delivered vacant, the mixed-use building consists of three apartments and two stores. IPRG<\/a> broker Jared Friedman represented both the seller and the buyer.<\/p>\n \u2022 734 East 227th St. sold for $1.05 million. Located in Wakefield, the fully occupied, free-market property required an expedited sale process. Leveraging his relationship with active Bronx investors, Friedman identified a qualified buyer with one phone call and secured an offer that met the seller\u2019s target price. Friedman represented both the seller and buyer.<\/p>\n \u2022 520A Wales Ave. sold for $850,000. Located in Mott Haven, the property consisted of a 50-ft.-wide lot with an apartment building occupying 25 ft. of the site and approximately 2,500 s\/f of vacant land. Recognizing the value of the additional land, the seller subdivided the lot and retained IPRG<\/a> to identify a developer to acquire the property and pursue the development opportunity. Friedman represented both the seller and the buyer.<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u2022 214 Willis Ave. sold for $875,000. Located in Mott Haven, the fully occupied, mixed-use building consists of four apartments above a ground-floor retail space. Each apartment contains five bedrooms and is leased at below-market rents. Friedman and Daniel Morrison represented both the seller and the buyer.<\/p>\n \u2022 1103 Castle Hill Ave. sold for $1.18 million. Located in Unionport, the fully renovated mixed-use building consists of three apartments and one retail space. The property faced challenges stemming from a vacate order issued following a previous fire. IPRG<\/a> identified a buyer willing to acquire the property with outstanding issues. Friedman and Morrison represented both the seller and the buyer.<\/p>\n","protected":false},"excerpt":{"rendered":"
1707 Melville Street – Bronx, N.Y.
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734 East 227th Street – Bronx, N.Y.
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…\n","protected":false},"author":2,"featured_media":360911,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[9,24,63,122,124,123],"class_list":["post-360910","post","type-post","status-publish","format-standard","has-post-thumbnail","category-queens","tag-new-york","tag-new-york-city","tag-nyc","tag-queens","tag-queens-headlines","tag-queens-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/360910","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=360910"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/360910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/360911"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=360910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=360910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=360910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n214 Willis Avenue – Bronx, N.Y.
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\n1103 Castle Hill Avenue – Bronx, N.Y.
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