Prana Investments has acquired 340 East 184th Street in Fordham from Steve Satz for $11.5 million. The multi-family building spans 57,774 square feet and contains 67 apartments.
Bullish on the Bronx: This marks Prana’s continued conviction in the Bronx… The firm acquired a portfolio of eight multifamily buildings for $65 million from the Morgan Group in October 2018.
Location: The property is located between Tiebout and Marion Avenue, five blocks from the Fordham Road Station, with access to the B and D trains.
Flashback: The seller paid $10.25 million for the property in 2016.
Brokers: The deal was brokered by Timour Shafran of Citicore.