New York, NY – A Cushman & Wakefield team led by Jonathan Squires and Robert Shapiro will market the property on behalf of the property’s seller.
“The free market status of 1955 and 1957 Lurting Avenue makes these buildings attractive opportunities in today’s uncertain rent regulated market,” said Jonathan Squires of Cushman & Wakefield. “Market rate housing has become increasingly desirable, making this asset a valuable opportunity for prospective buyers.”
1955 and 1957 Lurting Avenue are located between Neill and Rhinelander Avenues in the Morris Park neighborhood of the Bronx. The property consists of two 5-unit brick apartment buildings with a total of 10 residential units. All apartments are completely occupied and consist of six 1-bedroom apartments and four 2-bedroom apartments.
The buildings are within walking distance to Morris Park Subway Station, serviced by the 5 train. The Bronx Zoo, Botanical Gardens, Albert Einstein College of Medicine and Jacobi Medical Center are in close proximity.
About Cushman & WakefieldCushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
