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2968 Perry Ave, The Bronx, ...

Updated Dec 20, 2023

Ben Reider Acquires Bedford Park Apartment In Bronx For $6.2M
SOLDMultiFamily

Ben Reider Acquires Bedford Park Apartment In Bronx For $6.2M

2968 Perry Ave, The Bronx, NY 10458, USA

$4,950,000

$144/SF

Building Size

34,320 SF

Asset Type

MultiFamily

Closing

Jul 21, 2020

About this deal

AI

The property at 367 East 201 Street in Bedford Park, Bronx has been sold in a transaction that took place on February 23, 2022. The property is classified as an apartment and is zoned as R8. The sale price for this transaction was $6,200,000.

Summary of transaction details:

  • Property Type: Apartment
  • Transaction Amount: $6,200,000
  • Market: Bedford Park, Bronx
  • Buyer: Ben Reider
  • Seller: Bryan W Kishner

The property has a building square footage (BSF) of 43,946 and a price per building square footage (PPBSF) of $141. The total square footage (SF) of the property is 31,974, with a price per square footage (PPSF) of $193. The floor area ratio (FAR) for the property is 4.38. The tax class for the property is 2. The lot size is 7,300, and the lot dimensions are 77 ft x 121.5 ft. The property had an alteration permit issued on November 1, 2019.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $144 per square foot on a published $5M for 34,320 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.20%

Cash-on-Cash

-0.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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