Bayrock Capital Acquires 27-Room Hotel in The Bronx for $4.2M

NEW YORK CITY — Locally based investment firm Bayrock Capital has acquired a 27-room hotel located at 2101 Needham Ave. in The Bronx for $4.2 million. The property is located in the Edenwald neighborhood and includes 27 parking spaces. Jonathan Squires, Josh Neustadter and Austin Weiner of Cushman & Wakefield represented the seller, RMJ Motel Corp., in the transaction.