Lightstone near deal for $53M Bronx portfolio

The Lightstone Group is making a push into the Bronx’s multifamily market with another multi-building purchase. The developer is about to sign a hard contract to pick up a 223-unit package near the Pelham Parkway in the Bronx’s northeast neighborhood Bronxdale for $53 million, sources told The Real Deal. The package, billed in marketing materials as the “Pelham Parkway Portfolio,” spans almost 234,000 square feet. The prewar elevator buildings, located in a three-block radius, have […]

Source: Real Estate

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