PARKOFF ACQUIRES BRONX APARTMENT BUILDING FOR $16.2 MILLION

NEW YORK CITY — The Parkoff Organization has acquired a 66-unit apartment building in the Riverdale neighborhood of the Bronx for $16.2 million. The six-story building is located at 3300 Netherland Ave. In addition to the multifamily units, 20 of which were being renovated at the time of the sale, the building contains a 5,000-square-foot retail component. The sale also included an adjacent seven-unit retail taxpayer. Marcia Rose Yawitz and Benjamin Tapper of Eastern Consolidated represented Parkoff in the sale. Karl Brumback and Joshua Rubin of Massey Knakal Realty Services represented the undisclosed seller, the building's original owners.