Woodlawn Heights Multifamily Property Sells for $8M

Laura O’Shea, a real estate investor and developer, has acquired a 49-unit multifamily property in Woodlawn Heights from Kathleen Sullivan for 8 million. The property, located at 273 East 239th Street, has a total of 52,652 square feet and a price per square foot of 151. The price per unit for the property is $163,265.

The property is located in the Woodlawn Heights neighborhood of the Bronx, which has seen a surge in demand for multifamily properties in recent years. The area is known for its tree-lined streets, historic architecture, and proximity to public transportation.

The property features a mix of one-, two-, and three-bedroom units, with an average unit size of 1,076 square feet. The building also has on-site laundry facilities and a parking garage.

Laura O’Shea is a seasoned real estate investor and developer with a track record of successful acquisitions and developments in the New York City area. Kathleen Sullivan is a longtime owner of multifamily properties in the Bronx.

The deal was brokered by a team from Marcus & Millichap, led by Peter Von Der Ahe, Joe Koicim, and David Lloyd. The team specializes in multifamily properties in the New York City area and has a deep understanding of the local market.

Overall, the sale of this Woodlawn Heights multifamily property is a testament to the continued demand for quality multifamily properties in the Bronx and the expertise of experienced real estate investors and brokers in the area.