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2390 Creston Avenue, The Br...

Jonathan Wiener Acquires Multi Family Property In Fordham, Bronx For $3.8M
SOLDMultiFamily

Jonathan Wiener Acquires Multi Family Property In Fordham, Bronx For $3.8M

2390 Creston Avenue, The Bronx, New York 10468, United States

$3,800,000

$219/SF

Building Size

17,290 SF

Asset Type

MultiFamily

Closing

Dec 8, 2021

AI

Located at 2390 Creston Avenue in the Fordham neighborhood of the Bronx, this multi-family property was recently sold in a closed transaction. The property is zoned as R8, C, indicating its potential for both residential and commercial use. The transaction took place on December 9, 2021.

Summary of transaction details:

  • Property Type: Multi Family
  • Transaction Amount: $3,800,000
  • Address: 2390 Creston Avenue
  • Market: Fordham, Bronx
  • Zoning: R8, C

The buyer in this transaction was Jonathan Wiener, while the seller was Samuel Jacobowitz. The property was sold for a price of $3,800,000, with a building square footage of 28,595. This equates to a price per building square foot of $133. The total land area of the property is 4,750 square feet, with dimensions of 50 ft x 95 ft.

Additional information relevant to this transaction includes its floor area ratio (FAR) of 3.64 and tax class of 2. The property's last recorded sale prior to this transaction was on September 17, 2014, at a price of $2,200,000.

Players

Jonathan Wiener

Chestnut Holdings

Buyer

$165.6M

vol

24 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93