Great Neck firm Monarch Realty Holdings is continuing its expansion in the Bronx. The company bought two properties in Morrisania and Highbridge for $11.6 million. The package is composed of 1027-1029 Westchester Avenue, a six-story apartment building with 33 apartments and four commercial units, and 1408 Cromwell Avenue, a vacant lot included in the Jerome Avenue rezoning. Monarch plans to keep the Westchester Avenue building as it is. Meanwhile, it plans to build a 60,000-square-foot […]
source https://therealdeal.com/2018/07/17/heres-what-the-10m-20m-nyc-investment-sales-market-looked-like-last-week-149/
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