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IMS Properties Purchases 24 Units on Boynton Ave. IMS Properties LLC acquired 1153 Boynton Ave. in the Bronx, NY, from Harriet & Eli Cooper Foundation Inc. for $1.25 million, or approximately $52,000 per unit.

The four-story, 18,720-square-foot multifamily property was built in 1926 and has 24 units. It sold at a cap rate of 6.8 percent, according to CoStar information.

The Marcus & Millichap team of Matt Barbaccia and Peter Von Der Ahe represented both parties in the transaction. Read more..

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