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

Property Image
SOLD
$8,000,000
Ben Rieder
JZ

New York

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MultiFamily45,345 SF
Sold 05/11/2022
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Property Image
SOLD

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

1125 Sheridan Avenue, The Bronx, New York 10456, United States

See Similar Deals
MultiFamily45,345 SF
Sold 05/11/2022
Ben Rieder
JZ
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$176
Total Square Footage:45,345 SF
Transaction Type:Sale

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.

Players

Ben Rieder
Chestnut Holdings
Ben Rieder
8 deals$55M volume
BUYER
JZ
Jeffrey Zwick
3 deals$11.2M volume
SELLER

Details

SOLD
IMAGE: 05/11/2022 ADDRESS: 1125 Sheridan Ave MARKET: Concourse Village, Bronx ASSET TYPE: Apartment ~ ZONING: R8, C1-4 BUYER: Ben Rieder SELLER: Jeffrey Zwick PRICE: $8,000,000 BSF: 61,205 ~ PPBSF: $130 SF: 45,345 ~ PPSF: $176 FAR: 4.46 TAX CLASS: 2 LOT SIZE: 10,167 LAST SALE PRICE: $5,200,000 (02/03/2015) PERMITS: Alteration 3 (03/18/2019) LOT DIMENSION: 150 ft x 67.82 ft

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