Robert Frankel Acquires Commercial Property On Hunts Point Avenue For $3.2M

The commercial property located at 421 Hunts Point Avenue in Hunts Point, Bronx has been sold in a closed transaction. The property is zoned as M1-2, HP and has a floor area ratio (FAR) of 0.94. The tax class for the property is 4.

Summary of Transaction Details

• Property Type: Commercial
• Transaction Amount: $3,200,000
• Market: Hunts Point, Bronx
• Address: 421 Hunts Point Avenue
• Zoning: M1-2, HP
• Buyer: Robert Frankel
• Seller: Janice Georgallas
• BSF (Building Square Footage): 21,266
• PPSF (Price Per Square Foot): $150
• SF (Lot Square Footage): 9,995
• PPSF (Price Per Square Foot): $320
• Lot Size: 10,633
• Permits: Sing (04/05/2006)
• Lot Dimension: 112.09 ft x 100 ft

The buyer in this transaction is Robert Frankel, while the seller is Janice Georgallas. The property sale was completed for a total price of $3,200,000. The building has a total floor area of 21,266 square feet, with a price per square foot of $150. The lot size is 10,633 square feet, and the price per square foot for the lot is $320. The property has permits dating back to April 5, 2006, for Sing use.