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Prana acquires 340 East 184th Street

Prana Investments continues to buy in the Bronx with deal in Fordham from Steve Satz for $11.5 million

340 East 184th Street (Credit: Google Maps)

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.

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