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Reservoir Oval East Multifamily Sells for $7.5M

100% Interest Changes Hands in the North Bronx
By Hansen Padmore
June 26, 2006 | 2:56 P.M.

The group 3320 Reservoir Realty LLC purchased the Bronx apartment building at 3320 Reservoir Oval East from a group led by Alret Realty Co. LP for a combined total of $7.5 million. This is equivalent to $102,740 per unit. This deal was the downleg in a 1031 exchange for two of the sellers, AZ Reservoir LLC and Rose Zee LLC.

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