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1124 Stratford Avenue, The ...

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

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

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

$4,450,000

$161/SF

Building Size

27,600 SF

Asset Type

MultiFamily

Closing

Dec 20, 2021

AI

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

Chestnut Holdings

Buyer

$165.6M

vol

24 deals

Buyer

Abraham Lazer Kviat

Seller

$15.2M

vol

3 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.56%

Cash-on-Cash

-1.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93