SOLDMultiFamily
Ben Rieder Acquires Multifamily Property On 1467 Taylor Avenue, Bronx For $3.65M
1467 Taylor Avenue, The Bronx, New York 10460, United States
$3,650,000
$75/SF
Building Size
48,374 SF
Asset Type
MultiFamily
Closing
Jan 19, 2022
AI
The multifamily property located at 1467 Taylor Avenue in Park Versailles - Bronx River, Bronx has been sold. The transaction took place on January 20, 2022. The property is zoned as R6 and has a total building square footage (BSF) of 32,562. The price at which it was sold was $3,650,000, resulting in a price per building square footage (PPBSF) of $112. The total lot size is 6,700 square feet with lot dimensions of 75 feet by 89.25 feet. The property's floor area ratio (FAR) is 3.61 and it falls under tax class 2. The buyer of the property is Ben Rieder, and the seller is Neil Fink. The property previously underwent an alteration 3 permit on December 27, 2011.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,650,000
- Market: Park Versailles - Bronx River, Bronx
- Zoning: R6
- BSF: 32,562
- PPBSF: $112
- SF: 48,374
- PPSF: $75
- FAR: 3.61
- Tax Class: 2
- Lot Size: 6,700
- Permits: Alteration 3 (12/27/2011)
- Lot Dimension: 75 ft x 89.25 ft
The buyer's representative in this transaction is Ben Rieder's agency. There is no additional information available about other key individuals or companies involved in this deal.
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
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93