Simone and Brumback of Massey Knakal broker $10.9 million Bronx sale

A mixed-use building at 135 West Kingsbridge Rd. located on the northeast corner of West Kingsbridge Rd. and Sedgwick Ave. in the Kingsbridge Heights neighborhood, was sold in an all-cash transaction valued at $10.9 million. The six-story walk-up building contains 79,000 s/f on a 179' x 103' lot and consists of 58 residential units and ten stores. The residential units include 31 one-bedroom, 12 two-bedroom, and 15 three-bedroom units. "The buyer owns apartment buildings in Manhattan and Queens but this was his first Bronx apartment building purchase, demonstrating the increased attractiveness of the Bronx for investors," said Massey Knakal's David Simone, who exclusively handled this deal with Karl Brumback. "The investors were impressed with the seller's renovations and the existing retail stores," Simone said.