Raz Sapir Acquires Industrial Property In Soundview For $3.5M

The industrial property located at 1209 Bronx River Avenue in Soundview has been sold for a price of $3,500,000. The property has a building square footage (BSF) of 10,000 and a price per building square footage (PPBSF) of $350. It also has a total square footage (SF) of 20,000, with a price per square footage (PPSF) of $175. The lot size is 10,000, and the property is zoned as M1-1 according to the market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3,500,000
• BSF: 10,000
• PPBSF: $350
• SF: 20,000
• PPSF: $175
• Zoning: M1-1

The buyer of the property is Raz Sapir, while the sellers are Frank Lettera, Michele R. Cestaro, and Michael Lettera Jr. The sale transaction also involved the following details: the floor area ratio (FAR) is 2.00, and the tax class of the property is 4. Additionally, there is a permit for alteration type 1 dating back to July 24, 2017. The lot dimensions are 100 feet by 105.64 feet.