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Jonathan Wiener Acquires Multi Family Property In Soundview, Bronx For $4.45M

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SOLD
$4,450,000

New York

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MultiFamily27,600 SF
Sold 12/21/2021
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SOLD

Jonathan Wiener Acquires Multi Family Property In Soundview, Bronx For $4.45M

1124 Stratford Avenue, The Bronx, New York 10472, United States

See Similar Deals
MultiFamily27,600 SF
Sold 12/21/2021
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$161
Total Square Footage:27,600 SF
Transaction Type:Sale

A multi-family property located at 1124 Stratford Avenue in Soundview, Bronx has been sold. The property is zoned as R6 and has a lot size of 10,000 square feet. The previous sale of the property took place on February 9, 2021, for a price of $0. The property measures 27,600 square feet and has a building square footage of 24,300. The price for the recent sale was $4,450,000, with a price per square foot of $161 and a price per building square foot of $183. The floor area ratio (FAR) for the property is 2.76 and it falls under tax class 2. The lot dimensions are 100 feet by 100 feet.

Summary of transation details

  • Property Type: Multi Family
  • Transaction Amount: $4,450,000
  • Market: Soundview, Bronx
  • Zoning: R6
  • Buyer: Jonathan Wiener
  • Seller: Abraham Lazer Kviat
  • Building Square Footage: 24,300
  • Price per Building Square Foot: $183
  • Total Square Footage: 27,600
  • Price per Square Foot: $161
  • Lot Size: 10,000
  • Last Sale Price: $0 (02/09/2021)
  • Lot Dimension: 100 ft x 100 ft

The buyer of the property is Jonathan Wiener and the seller is Abraham Lazer Kviat.

Players

Jonathan Wiener
24 deals$165.6M volume
BUYER

Details

SOLD
IMAGE: 12/21/2021 ADDRESS: 1124 Stratford Avenue MARKET: Soundview, Bronx ASSET TYPE: Multi Family ~ ZONING: R6 BUYER: Jonathan Wiener SELLER: Abraham Lazer Kviat PRICE: $4,450,000 BSF: 24,300 ~ PPBSF: $183 SF: 27,600 ~ PPSF: $161 FAR: 2.76 TAX CLASS: 2 LOT SIZE: 10,000 LAST SALE PRICE: $0 (02/09/2021) LOT DIMENSION: 100 ft x 100 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$15,809.92
Cash-on-Cash Return-1.27%
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