Zachary Hering Acquires Apartment In Mount Hope, Bronx For $19.75M

The apartment building located at 1988 Anthony Ave in Mount Hope, Bronx has been sold for a price of $19,750,000. The property, zoned as R7-1, consists of a total of 42,677 square feet, with a price per square foot of $462. The building has a total area of 42,180 square feet, resulting in a price per square foot of $468. The lot size is approximately 12,406 square feet, with dimensions of 10 ft x 150 ft.

Summary of transaction details:

• Property Type: Apartment
• Transaction Amount: $19,750,000
• Address: 1988 Anthony Ave, Mount Hope, Bronx
• Zoning: R7-1
• Buyer: Zachary Hering
• Seller: Robert Lumaj

The transaction also involves the following additional information: the building's floor area ratio (FAR) is 3.40, and it is classified as tax class 2. The previous sale of the property was recorded on 03/01/2016, with a price of $850,000. A permit for alteration was issued on 10/18/2021.