Ben Rieder Acquires Concourse Village Apartment Building In Bronx For $8M

An apartment building located at 1125 Sheridan Ave in Concourse Village, Bronx has been sold in a recent transaction. The property, with a lot size of 10,167 square feet, features a total of 45,345 square feet of space. The sale took place on May 11, 2022, with a transaction price of $8,000,000. The buyer, Ben Rieder, acquired the property from Jeffrey Zwick.

Summary of transaction details

• Property Type: Apartment
• Transaction Amount: $8,000,000
• Market: Concourse Village, Bronx
• Zoning: R8, C1-4
• Last Sale Price: $5,200,000 (02/03/2015)
• Tax Class: 2
• FAR: 4.46
• Permits: Alteration 3 (03/18/2019)
• Lot Dimension: 150 ft x 67.82 ft

Ben Rieder, representing his own interests, purchased the apartment building from Jeffrey Zwick. This transaction marks the second sale of the property since its last transfer in 2015 when it was sold for $5,200,000. The building underwent alteration permits in 2019.