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
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