Updated Dec 20, 2023
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.
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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
3.20%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93