Sal D'Avola Acquires Multifamily Assets In Morris Heights, Bronx For $7.8M

A multifamily property located at 1815 University Avenue and 1805 University Avenue in the Morris Heights neighborhood of Bronx has been sold in a transaction dated June 23, 2021. The property, zoned as R7-1 and R5, features a total of 18,290 square feet of building space with a price of $7,880,748. The price per square foot of the property is $430, and the lot spans across 5,317 square feet with dimensions of 50 feet by 106.33 feet.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,880,748
• Market: Morris Heights, Bronx
• Zoning: R7-1, R5
• Square Footage: 18,290
• Price per Square Foot: $430
• Lot Size: 5,317 square feet
• Lot Dimensions: 50 ft x 106.33 ft

In this transaction, Sal D'Avola purchased the property from Joseph Friedman. The property comes under Tax Class 2 and has a Floor Area Ratio (FAR) of 4.23. It has also undergone an alteration type 2 permit on August 11, 2008.