Ben Rieder Acquires Soundview Multifamily In $9.4M Deal

A multifamily property located at 1064 Ward Avenue in the Soundview market has been sold. The property, with a total building square footage (BSF) of 30,375, sits on a lot size of 12,500 square feet. The sale price for this transaction was $9,400,000, resulting in a price per building square foot (PPBSF) of $309 and a price per square foot (PPSF) of $177. The property is zoned as R6, C1-2, indicating its regulatory use and potential development possibilities. The last recorded sale of this property took place on September 8, 2016, with a sale price of $10,000,000. An alteration permit was issued on September 29, 2020.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $9,400,000
• Building Square Footage (BSF): 30,375
• Price per Building Square Foot (PPBSF): $309
• Square Footage (SF): 52,875
• Price per Square Foot (PPSF): $177
• Total Lot Size: 12,500 square feet
• Last Sale Price: $10,000,000 (09/08/2016)
• Permits: Alteration 2 (09/29/2020)
• Zoning: R6, C1-2

The buyer in this transaction is Ben Rieder, while the seller is Anthony Simari. The property was sold at a price of $9,400,000, indicating the transaction amount. The transaction was closed on September 24, 2021, making this the most recent sale. The property's zoning designation of R6, C1-2 allows for multiple residential units and various commercial possibilities within the area.