Back to all insights IPRG ANNOUNCES $3,000,000 SALE OF 987-989 OGDEN AVENUE IN HIGH BRIDGE, BRONX
NEW YORK, NY – October 29, 2026 – Investment Property Realty Group (IPRG), a leading New York-based commercial investment firm, has successfully closed the sale of 987-989 Ogden Avenue, a multifamily building located in the High Bridge section of the Bronx, for $3,000,000.
The transaction was negotiated by Jared Friedman who represented both the seller and the buyer.
The 28-unit walk-up multifamily building was constructed in 2018 and benefits from a 421-a tax abatement scheduled to expire in 2034. The building’s value declined significantly following the 2019 rent laws, resulting in a short sale with the lender.
Founded in 2016, IPRG (Investment Property Realty Group) is a broker-owned commercial real estate brokerage specializing in investment sales, retail leasing, and property management across New York City and New Jersey. The firm focuses on the sale of multifamily properties, mixed use buildings, development sites, retail assets, and other commercial investment properties. Since its founding, IPRG has completed more than $4 billion in commercial real estate transactions, making it one of the most active investment sales firms in the New York metropolitan area. Through its market expertise, data driven approach, and collaborative platform, IPRG helps investors, developers, property owners, and institutions maximize the value of their commercial real estate assets. For more information, visit www.iprg.com.