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Sal D'Avola Acquires Multifamily Property In University Heights, Bronx For $8.3M

Property Image
SOLD
$8,335,403
JF
SD

New York

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MultiFamily62,100 SF
Sold 06/23/2021
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Property Image
SOLD

Sal D'Avola Acquires Multifamily Property In University Heights, Bronx For $8.3M

2290 Davidson Avenue, West Bronx, Bronx, NY, USA

See Similar Deals
MultiFamily62,100 SF
Sold 06/23/2021
JF
SD
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$134
Total Square Footage:62,100 SF
Transaction Type:Sale

A multifamily property located at 2290 Davidson Avenue in University Heights, Bronx has been sold in a recent transaction. The property is zoned as R7-1 and has a lot size of 11,500 square feet. The sale took place on June 23, 2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,335,403
  • Market: University Heights, Bronx

The buyer of the property is Sal D'Avola, while the seller is Joseph Friedman. The sale price for the property was $8,335,403, with a building size of 39,560 square feet and a price per square foot of $210. The total square footage of the property is 62,100, resulting in a price per square foot of $134. The property has a floor area ratio (FAR) of 5.40.

The property is classified under tax class 2 and has received permits for alteration type 3 on December 26, 2014. The dimensions of the lot are 115 ft x 100 ft.

Players

SD
Sal D'Avola
17 deals$181.6M volume
BUYER
JF
Joseph E. Friedman
17 deals$279.3M volume
SELLER

Details

SOLD
IMAGE: 06/23/2021 ADDRESS: 2290 Davidson Avenue MARKET: University Heights,Bronx ASSET TYPE: Multifamily ~ ZONING: R7-1 BUYER: Sal D'Avola SELLER: Joseph Friedman PRICE: $8,335,403 BSF: 39,560 ~ PPBSF: $210 SF: 62,100 ~ PPSF: $134 FAR: 5.40 TAX CLASS: 2 LOT SIZE: 11,500 PERMITS: Alteration type 3 (12/26/2014) LOT DIMENSIONS: 115 ft x 100 ft

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

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