JANUARY 17, 2018 - NEW YORK, NY - Addison Partners, headed by Brian Schneider and Mary Stewart Malone, sold 865 East 181st Street, a 13-unit building in the West Farms section of the Bronx, for about 50% more than it was purchased for in November 2015.
“We originally planed a three to five year hold, however, we raised rents by 20% and net income by over 40% in two years. Coupled with the Bronx experiencing a rapid run up in value, it was the right time to sell,” said Brian Schneider.
Aaron Jungreis and Josh Gruber from Rosewood Realty Group marketed the deal.
