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.
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