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Local Investor Sells Bronx Apartment Building for $11.5 Million

New York Investor Snaps Up Norwood Elevator Building

The 66-unit apartment building in the Bronx was completed in 1962. (GFI Realty Services)
The 66-unit apartment building in the Bronx was completed in 1962. (GFI Realty Services)

Local investor Richard Laubsh has sold an elevator building comprised of 66 apartment units in the Norwood section of the Bronx to Zeqe Mehmetaj, based in Armonk, New York, for $11.53 million, or about $175,000 per unit.

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