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Ben Rieder Acquires Elmhurst Apartment In $14.5M Deal

Property Image
SOLD
$14,500,000

New York

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MultiFamily64,436 SF
Sold 03/23/2022
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Property Image
SOLD

Ben Rieder Acquires Elmhurst Apartment In $14.5M Deal

22 Dongan Avenue

See Similar Deals
MultiFamily64,436 SF
Sold 03/23/2022
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$225
Total Square Footage:64,436 SF
Transaction Type:Sale

An apartment building located at 86-22 Dongan Avenue in Elmhurst, Queens was recently sold. The property, with a total square footage of 64,436, was sold for a price of $14,500,000. The building has a buildable square footage (BSF) of 54,300, resulting in a price per buildable square footage (PPBSF) of $267. The price per square foot (PPSF) for the entire property is $225. This apartment building is zoned as R7B and falls under tax class 2. The lot size is 18,100 and the lot dimensions are 197.5 ft x 96.58 ft. The property had previously undergone an alteration permit on July 19, 2019.

Summary of transaction details

  • Property Type: Apartment
  • Transaction Amount: $14,500,000
  • Market: Elmhurst, Queens
  • Zoning: R7B

The buyer of the property is Ben Rieder, while the seller is Edward Bokhour. The transaction had a floor area ratio (FAR) of 3.56.

Players

Ben Rieder
Chestnut Holdings
Ben Rieder
8 deals$55M volume
BUYER

Details

SOLD
IMAGE: 03/24/2022 ADDRESS: 86-22 Dongan Avenue MARKET: Elmhurst, Queens ASSET TYPE: Apartment ~ ZONING: R7B BUYER: Ben Rieder SELLER: Edward Bokhour PRICE: $14,500,000 BSF: 54,300 ~ PPBSF: $267 SF: 64,436 ~ PPSF: $225 FAR: 3.56 TAX CLASS: 2 LOT SIZE: 18,100 PERMITS: Alteration (07/19/2019) LOT DIMENSION: 197.5 ft x 96.58 ft

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