Recent Sale

$5.15 MILLION

1166 Gerard Avenue (between McClellan Street and East 167th Street)

The Bronx

This 35,070-square-foot building in the Concourse neighborhood was built in 1926. A five-story building, it has 41 rented rent-stabilized apartments: 29 one-bedrooms, nine two-bedrooms and three three-bedrooms. It last changed hands nine years ago.

Buyer: Rick Herman

Seller: Martin Kirzner

Brokers: Peter Von Der Ahe, Seth Glasser, Michael Fusco and Isaac Lipton of New York Multifamily at Marcus & Millichap