1695 Grand Avenue Update 03/03/23

Morris Heights Apartment Building Sells for $29M

A 6-story residential building, located at 1695 Grand Avenue in the Morris Heights neighborhood of the Bronx, has just traded for $29 million. The structure was jointly purchased by Camber Property Group and Community Preservation Corporation (CPC) from the previous owner, Vitus Group, in a deal brokered by SVN.

Originally constructed in 1927, the building contains rental apartments and totals square feet. At this time, it's not immediately clear if the new owners plan to operate the building as-is, renovate the structure, or completely redevelop the square foot property.

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