Updated, 12:55 p.m., Apr. 20: Chestnut Holdings has paid $22 million for a trio of distressed properties in the Bronx that are part of a former historical Jewish complex, according to city records filed today.
The deal for the Shalom Aleichem Houses in Van Cortlandt Village in the Jerome Park neighborhood closed March 4. The acquisition includes 3605 Sedgwick Avenue, a 153,952-square-foot building with 116 units; 3470 Cannon Place, a 65,000-square-foot building with 55 units; and 3451 Giles Place, a 71,000-square-foot building with 64 units, according to PropertyShark. The three properties consist of 15 smaller buildings. [more]