Updated Mar 4, 2026
Ben Reider Acquires Apartment In Fordham, Bronx For $4.4M From Richard Cohen
2440 Walton Ave, The Bronx, NY 10468, USA
$2,066,000
$174/SF
Building Size
11,840 SF
Asset Type
MultiFamily
Closing
Sep 4, 2019
About this deal
AI
The property involved in this transaction is an apartment located at 2415 Creston Avenue in the Fordham neighborhood of Bronx. It has a total building square footage (BSF) of 55,384 and a price per BSF of $79. The apartment spans 27,232 square feet, with a price per square foot (PPSF) of $161. The total floor area ratio (FAR) is 2.98, and the property's zoning is R8. The lot size is 9,200 square feet, with dimensions of 76.25 feet by 121.33 feet.
Summary of transaction details
- Property Type: Apartment
- Sale Price: $4,400,000
- Buyer: Ben Reider
- Seller: Richard Cohen
- Last Sale Price: $3,825,000 (02/04/2015)
- Permits: Alteration 2 (04/24/2013)
- Tax Class: 2
The buyer in this transaction is Ben Reider, and the seller is Richard Cohen. The property was sold for a total price of $4,400,000. The previous sale price was $3,825,000 on 02/04/2015, and there was an alteration permit issued on 04/24/2013. The property falls under tax class 2.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.68%
Cash-on-Cash
-2.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93