313 West 138th street, an 8 unit rent stabilized building recently closed. The asking price for the 17′ wide building between Frederick Douglass boulevard and Edgecombe avenue was $1,800,000 and the purchase price was $1,870,000. The buyer was a professional firm that owns a portfolio of buildings in the Bronx. One unit was delivered vacant at closing and the building had some deferred maintenance.
The Author- Brian Silvestry , a licensed real estate broker, has been selling residential and commercial real estate since 1999. He has sold in every neighborhood from Battery Park City to Washington Heights.