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Successful Sale of 3507 Laconia Avenue, Williamsbridge, Bronx
Bob Knakal led the sale of 3507 Laconia Avenue, a multifamily walk-up property located in the Williamsbridge section of the Bronx. The deal closed on July 31, 2008, transferring ownership from Ronald Strobl of The Praedium Group, an institutional seller, to investor Kamran Abrishamian, a high-net-worth individual.
This sale showcases Bob Knakal’s ability to navigate deals involving institutional sellers and private investors, ensuring optimal outcomes in Bronx’s residential real estate market.
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Sale Details
The transaction closed smoothly under Bob Knakal’s guidance, securing a price that reflects the asset’s value within a competitive market.
- Sale Price: $1,725,000
- Sale Date: July 31, 2008
- Buyer: Kamran Abrishamian (Investor)
- Seller: Ronald Strobl, The Praedium Group (Institution)
- Asset Class: Multifamily Walk-Up
- Units: 20
- Square Footage: 20,081
- Price per SF: $85.90
- Block / Lot: 4693 / 1
Property Details
This single-building multifamily walk-up comprises 20 residential units and offers an attractive investment opportunity in the growing Bronx neighborhood of Williamsbridge.
- Full Address: 3507 Laconia Avenue, Bronx, NY 10467
- Property Type: Multifamily Walk-Up
- Unit Count: 20
- Square Footage: 20,081
Strong Investment in Williamsbridge, Bronx
The buyer, Kamran Abrishamian, acquired this asset for its potential in a neighborhood benefiting from residential demand and community growth. Bob Knakal’s expertise helped align the seller’s institutional goals with the buyer’s investment strategy.
Neighborhood Overview: Williamsbridge
- Located in the Bronx, a borough with increasing residential interest
- Predominantly residential area with a mix of multifamily buildings and houses
- Close to transportation options including Metro-North and subway lines
- Access to parks and local amenities enhancing quality of life
- Growing appeal for investors seeking value in emerging neighborhoods
Conclusion
The sale of 3507 Laconia Avenue highlights Bob Knakal’s capacity to manage complex transactions between institutional sellers and private investors, delivering strong results in the multifamily market of the Bronx.
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Frequently Asked Questions
Q1: What type of property is 3507 Laconia Avenue?
A1: It is a multifamily walk-up building with 20 residential units.
Q2: Who was the seller in this transaction?
A2: The seller was The Praedium Group, represented by Ronald Strobl, an institutional owner.
Q3: What makes Williamsbridge a good location for this investment?
A3: Williamsbridge offers a growing residential market with good transportation links, local amenities, and potential for future neighborhood appreciation.
