Ben Rieder Acquires Apartment In Tremont, Bronx For $3.15M

Located at 1809 Marmion Avenue in Tremont, Bronx, this apartment building was recently sold in a closed transaction on May 18, 2022. The property sits on a lot with dimensions of 46 feet by 119 feet, offering a total lot size of 5,474 square feet. With a zoning classification of M1-2, the property falls within the Apartment asset type category. The transaction involved Ben Rieder as the buyer and Mark Mehlman as the seller.

Summary of transation details

• Property Type: Apartment
• Transaction Amount: $3,150,000
• Building Square Feet: 10,948
• Price Per Square Foot: $287
• Lot Size: 5,474 square feet
• Last Sale Price: $2,049,000 (09/10/2014)
• Permits: Alteration 3 (04/10/2015)
• FAR: 5.50
• Tax Class: 2

This transaction presented a price point of $3,150,000, with a price per square foot of $287. The building offers a total of 10,948 square feet of space, allowing for a price per square foot of $287. Notably, the property's last sale took place on September 10, 2014, with a price of $2,049,000. An alteration permit was issued on April 10, 2015, indicating some modifications made to the property. The FAR (Floor Area Ratio) for this property is 5.50, and it falls under tax class 2.