Joel Wertzberger acquires 1384-1390 Boston Road

Joel Wertzberger has acquired 1384-1390 Boston Road in the Morrisania section of the Bronx from Alex Mehmetaj for $5.75 million. The adjacent five-story buildings span 29,054 SF, and contain 32 apartments, plus four ground-floor commercial spaces. 

• GFI Realty Services brokered the sale: Zachary Fuchs and Sasha Berg represented the seller, while Sylvia Spielman represented the buyer.

• Heard on the Street: GFI Realty’s Zachary Fuchs: “The Bronx marketplace is still active with buyers attracted to assets of this size particularly those with a commercial component.” SashBerg added, “These mixed-use properties are stable cash flowing assets that are ideally situated on a major commercial corridor in the area and are neighbored by numerous local shops and eateries.”