April 1, 2019
YONKERS – As the city experiences a historic construction boom, existing apartment buildings are also attracting investors.
One of the recent examples was the $5.5 million sale of the 34-unit apartment complex at 376-380 McLean Ave.
The buyer was McLean Yonkers LLC, whose address is in care of Total Realty Associates Inc. at 733 Yonkers Ave., according to the deed filed with the Westchester County Clerk’s Office.
The seller, PMT Realty LLC of Mount Vernon, purchased the four-story building for $2.3 million in 2008.
A majority of the units are rent-stabilized, and the new owner plans to upgrade the complex with major capital improvements to enhance the tenants’ quality of living, said the buyer’s agent, Michael Nukho, principal real estate broker with NuRealty Advisors.
The seller was represented by Lukasz Przybylek, an associate real estate broker with NuRealty.
NuRealty Advisors has also recently brokered a $1.395 million sale of a 14-unit apartment building at 25 Post St., also known as 97 Elliott Ave.
The buyer was Elliotstreet LLC, having an address at 375 McLean Ave.
The seller, Post Woodworth LLC, purchased the building for $916,000 in 2016, according to property records filed with Westchester County Clerk’s Office.
« Previous Next