Spencer An Acquires Commercial Property In Morrisania, Bronx For $8.67M

The commercial property located at 445 East 163 Street in Morrisania, Bronx has been sold for a price of $8,670,000. The property is zoned as C4-4 and has a lot size of 99,613 square feet. With a building square footage of 41,837, the property has a price per square foot of $207. The sale of the property took place on December 8, 2021. The previous sale of the property was recorded on April 12, 2006, for a price of $722,637. The property has a floor area ratio (FAR) of 0.42 and is classified under tax class 4. A sign permit was issued for the property on January 20, 2016.

Summary of transation details

• Property Type: Commercial
• Transaction Amount: $8,670,000
• Market: Morrisania, Bronx
• Zoning: C4-4
• Buyer: Spencer An
• Seller: Mario J Procida
• Price per Square Foot: $207
• Lot Size: 99,613 square feet
• Last Sale Price: $722,637 (04/12/2006)
• Permits: Sign (01/20/2016)
• Lot Dimension: 234 ft x 389 ft

Spencer An represented the buyer in this transaction, while Mario J Procida represented the seller.