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Acquisitions

Prana acquires 144 East 208th Street

Multi-family property spans 36,980 square feet

Prana Investments has acquired 144 East 208th Street in the Bronx from Don Lou Realty for $4.25 million, according to public records. The Norwood multifamily building spans 36,800 square feet and contains 28 rent stabilized apartments.

Bullish on the Bronx: Prana displays continued confidence the borough. This acquisition follows others, including a portfolio purchase in October 2018 and a Fordham deal in early April.

Location: The property is located between Rochambeau and Bainbridge Avenue, just five blocks away from the 205 Street Subway Station, with access to the D train.

Brokers: The deal was facilitated by Stephen Preuss, Kevin Louie, Jonathan Squires, and Addison Berniker of Cushman & Wakefield.

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