Prana Investments pays $10M to Elizabeth Crane for property in Highbridge

October 15, 2020 7:45 am

Prana Investments through the entity 1738 Universiti Ave. Bronx LLC paid Elizabeth Crane’s 1738 Associates, LLC $9.8 million for 1738 University Avenue in Highbridge. The deal closed on October 1, 2020, and was recorded on October 14, 2020. The transaction consists of 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 73 residential units. The property is 67,000 square feet. The parcel(s) have total development potential of 67,000 square feet.
The sale price per unit is $134,589.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Richard Herman

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