Rafael Tsour Acquires Commercial Property In High Bridge, Bronx For $5.57M

The commercial property at 1401 Cromwell Avenue in High Bridge, Bronx has been sold in a recent transaction. The property is zoned as R8A, R7-1, C2-4, J, allowing for a variety of commercial uses. The sale took place on March 14, 2022, and the buyer is Rafael Tsour, while the seller is Miguel Valerio.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $5,575,000
• Building Square Footage: 75,093
• Price per Building Square Foot: $74
• Land Square Footage: 9,979
• Price per Land Square Foot: $558
• Floor Area Ratio (FAR): 0.80
• Tax Class: 4
• Lot Size: 12,474
• Permits: Alteration 3 (05/13/2013)
• Lot Dimension: 101.28 ft x 125 ft

It's worth noting that the property's zoning allows for a variety of commercial uses, providing flexibility for potential tenants or future development. The alteration permits obtained in 2013 suggest that modifications have been made to the property in the past.

Rafael Tsour acted as the buyer in this transaction, while Miguel Valerio served as the seller. Both parties were represented by their respective brokers or representatives.