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Investors Buy Bronx Apt. for $3.19M

Apartment building with 39 units and 2 retail spaces sold for $77,800 per unit
By Jun Ando
January 6, 2006 | 5:41 P.M.

2625 Grand Concourse, a six-story, 44,550-square-foot elevatored apartment building built in 1926 and located at the corner of East 193rd Street, sold for a price of $3.19 million or approximately 8.5 times the rent roll.

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