1466 Beach Avenue (between Archer and Merrill Streets)
West Farms, Bronx
A real estate fund, which owns a half-dozen other properties on the block, has bought this five-story 1930 walk-up with 30 rent-stabilized apartments — 18 one-bedrooms, 11 two-bedrooms and one four-bedroom. The 24,255-square-foot building sold for 10.72 times the rent roll, with a cap rate of 5.2 percent.
Buyer: Prana Investments
Seller: Beach Ave
Broker: Sharone S. Baradarian, Red Real Estate