(To read more on the multifamily market, click here.)

NEW YORK CITY-Massey Knakal Realty Services sold a Bronx apartment portfolio for $23.8 million or $92.77 per sf. An unidentified Brooklyn investor took the four buildings in an all-cash transaction with a cap rate of 6.1%.

The transaction includes three adjoining buildings, 1944 Unionport Rd., 1954 Unionport Rd. and 1980 Unionport Rd., plus 733 Arnow Ave. The Unionport Road buildings are all six-story properties while the Arnow Avenue facility is a five-story walk-up.

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