Sal D'Avola Acquires Multifamily Property In Mount Eden, Bronx For $8.6M

The multifamily property located at 1575 Townsend Avenue in Mount Eden, Bronx has been sold in a closed transaction. The property is zoned as R8A, R8, C1-4, allowing for multiple uses. The sale took place on June 23, 2021, with Sal D'Avola purchasing the property from Joseph Friedman. The transaction price for the property was $8,638,510.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,638,510
• Market: Mount Eden, Bronx
• Zoning: R8A, R8, C1-4

The property has a building square footage (BSF) of 65,443, resulting in a price per BSF (PPBSF) of $132. The total land size is 10,871 square feet, and the lot dimensions measure 100 ft x 72.58 ft. The property is classified as tax class 2 and has a floor area ratio (FAR) of 3.66. An alteration permit of type 3 was issued on September 6, 2020.

This transaction showcases the successful purchase of the multifamily property by Sal D'Avola from Joseph Friedman, representing the buyer and seller, respectively, through their brokerage agencies. The property's location in Mount Eden, Bronx, adds further value to this transaction.