Bronx property contains 108 units
Nelson Management has acquired 3240 Henry Hudson Parkway in Riverdale from Morris Weintraub Associates for $35.74 million, according to TRD. The rent stabilized property spans 163,197 square feet, and contains 108 apartments.
Be Smart: Morris Weintraub recently sold a 424-unit multi-family portfolio to the Parkoff Organization for $115 million.
Heard on the Street: Company president Robert Nelson told TRD that he plans on renovating the property… He explained the property as “just a solid, rent-stabilized building in probably one of the best neighborhoods of New York City.”