Sal D'Avola Acquires Multifamily Property In Fordham, Bronx For $8M

The multifamily property located at 373 East 188 Street in the Fordham neighborhood of Bronx has been sold in a closed transaction. The property is zoned as R7-1, C2-4 and has a total building size of 36,120 square feet. The buyer of the property is Sal D'Avola, while the seller is Joseph Friedman. The transaction took place on June 23, 2021, and the sale price was $8,032,298.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $8,032,298
• Market: Fordham, Bronx
• Zoning: R7-1, C2-4

The property has a total lot size of 10,500 square feet, with dimensions of 100 ft x 97.5 ft. The price per square foot for the property is $182, while the price per buildable square foot is $222. The property has a total square footage of 44,100. The floor area ratio (FAR) of the property is 4.20, and it falls under tax class 2.

Permits for alteration type 2 were issued for the property on April 12, 2018. These details provide insights into the characteristics and specifications of the property, showcasing its potential and value within the Fordham market.