BESEN & ASSOCIATES ARRANGES $7.6M SALE OF BRONX APARTMENT ASSET

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NEW YORK CITY — Besen & Associates has arranged the $7.6 million sale of 1185 Lebanon Street, a 73,000-square-foot, six-story apartment building located in the Morris Park section of The Bronx. The building includes 75 apartments, seven stores and roof antenna. Amit Doshi of Besen & Associates represented the seller in transaction, while Alex Frants also of Besen & Associates represented the buyer, a local private investor. Constructed in 1928, the property is located on the northwest corner of Morris Park Avenue. Average monthly rent per apartment is $914, with layouts that include 12 two-bedrooms, 54 one-bedrooms and nine studios.

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