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2440 Walton Ave, The Bronx,...

Updated Mar 4, 2026

Ben Reider Acquires Apartment In Fordham, Bronx For $4.4M From Richard Cohen
SOLDMultiFamily

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

Steven Vegh

Westwood Realty Associates

Broker

$2.5B

vol

68 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $174 per square foot on a published $2.1M for 11,840 square feet (2019).

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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

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