This San Francisco firm just made another buy in the Bronx

Prana Investments has purchased a three-building portfolio for $28.4M

TRD New York /
Oct.October 03, 2018 06:30 PM

3115 Sedgwick Avenue and 1562 Thieriot Avenue (Credit: PropertyShark)

Prana Investments has purchased a Bronx portfolio for $28.4 million.

The company bought 3115 Sedgwick Avenue, 1562 Thieriot Avenue and 1580 Thieriot Avenue from the Morgan Group, according to property records. The Thieriot Avenue properties in Van Nest are five-story buildings with 103 total apartments, and the Sedgwick property in Bedford Park is a six-story building with 57 apartments.

This is the latest in a string of Bronx purchases Prana has made this year. The San Francisco-based company has also purchased a pair of apartment buildings in Fordham for $16.7 million, a 54-unit building at 2150 Creston Avenue in Tremont for $12.9 million and a 59-unit building at 114 East 168th Street for slightly less than $12 million.


Related Articles

arrow_forward_ios
Clockwise from top left: 162 West 13th Street, 325 Avenue Y in Brooklyn, 1281 Viele Avenue in the Bronx (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

Real Capital Analytics data showed that New York’s multifamily market had a very slow July. (Credit: iStock)

New NYC rent law “beginning to shut down investment”

Numbers were down across the board (Credit: iStock)

New York’s multifamily market had its slowest first half of the year since 2011

South Florida developers riff on the shift from condos to rentals: TRD Miami Showcase & Forum

An example of roll-off waste management (Credit: YouTube, iStock)

Big building owners prevent city from dumping container-pickup in trash-collection reform

Alex Rodriguez

Watch: A-Rod on the benefits and pitfalls of being a celebrity investor

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

From left: 305 East 47th Street and 286 River Avenue (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

arrow_forward_ios