A Bronx investor known as Colden Avenue Realty LLC purchased the six-story, elevatored apartment building at 2705 Colden Ave. near the Allerton section of the Bronx. The all-cash transaction was valued at $4.7 million, or approximately $107,000 per unit. The sale occurred with a capitalization rate of 6.65% and a gross rent multiple of 9.31. The original asking price was $4.895 million.