Prana pays $7M for multifamily in Fordham, 7th city buy since November

Prana Investments through the entity 2105 Walton Ave. LLC paid Sharp Management’s 2105 Walton LLC $7 million for 2105 Walton Avenue in Fordham. The deal closed on July 28, 2020, and was recorded on August 5, 2020. The transaction consists of 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 55 residential units. The property is 51,165 square feet. The parcel has total development potential of 87,470 square feet.
The sale price per unit is $127,273.

This is at least Prana’s seventh purchase since November 2019.

The contract date was February 19, 2020. The last time the property sold was July 12, 2010, for $3,675,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $30,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link