Sal D'Avola Acquires Multifamily Property On Grand Concourse In Mount Eden, Bronx For $8.9M

The multifamily property located at 1454 Grand Concourse in Mount Eden, Bronx, was sold in a transaction that closed on June 23, 2021. The property is zoned as R8 and C, allowing for various uses. The buyer, Sal D'Avola, acquired the property from the seller, Joseph Friedman, for a total price of $8,941,615. The building has a total building square footage (BSF) of 72,842, with a price per BSF of $122. The property spans an area of 54,208 square feet, with a price per square foot (PPSF) of $164. The property has a floor area ratio (FAR) of 4.48 and is classified as tax class 2.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,941,615
• Market: Mount Eden,Bronx
• Zoning: R8, C
• Buyer: Sal D'Avola
• Seller: Joseph Friedman
• BSF: 72,842
• Price per BSF: $122
• SF: 54,208
• Price per SF: $164
• FAR: 4.48
• Tax Class: 2

The transaction was accompanied by an alteration permit issued on October 30, 2019, allowing for modifications to the property. The lot size of the property is 12,100 square feet, with dimensions measuring 120.33 feet by 100.25 feet.