John M Reilly Acquires Multifamily Property In Norwood, Bronx From Salvatore D'Avola For $30.6M

The multifamily property located at 15-19 W Mosholu Parkway North and 220 East 197th Street in Norwood, Bronx has been sold in a transaction that closed on 06/25/2021. The property is zoned as R7-1 and offers a total building square footage (BSF) of 133,825. The price of the transaction was $30,650,107, resulting in a price per BSF (PPBSF) of $229. The property spans an area of 11,340 square feet and has dimensions of 110.5 ft x 83.5 ft. It falls under tax class 2 and has a floor area ratio (FAR) of 4.68. The previous sale of the property took place on 04/4/2019, with a sale price of $12,375,857. An alteration permit of type 1 was issued on 02/07/2020.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $30,650,107
• Address: 15-19 W Mosholu Parkway North, 220 East 197th Street
• Market: Norwood, Bronx
• Zoning: R7-1

The buyer in this transaction is John M Reilly, while Salvatore D'Avola is the seller. The property was purchased at a price of $30,650,107, with a price per square foot (PPSF) of $269. The total square footage (SF) of the property is 113,709. The last sale price of the property was $12,375,857, recorded on 04/4/2019. It is important to note that an alteration permit of type 1 was issued on 02/07/2020.