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

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SOLD
$30,650,107

New York

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MultiFamily113,709 SF
Sold 06/25/2021
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SOLD

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

15-19 West Mosholu Parkway North, Norwood, Bronx, NY, USA

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MultiFamily113,709 SF
Sold 06/25/2021
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$269
Total Square Footage:113,709 SF
Transaction Type:Sale

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.

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17 deals$181.6M volume(212) 584-8981
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Details

SOLD
IMAGE: 06/25/2021 ADDRESS: 15-19 W Mosholu Parkway North, 220 East 197th Street MARKET: Norwood,Bronx ASSET TYPE:Multifamily ~ ZONING: R7-1 BUYER: John M Reilly SELLER: Salvatore D'Avola PRICE: $30,650,107 BSF: 133,825 ~ PPBSF: $229 SF: 113,709 ~ PPSF: $269 FAR: 4.68 TAX CLASS: 2 LOT SIZE: 11,340 LAST SALE PRICE: $12,375,857 (04/4/2019) PERMITS: Alteration type 1 (02/07/2020) LOT DIMENSIONS: 110.5 ft x 83.5 ft

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