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4303 Baychester Avenue, The...

Jonathan Weiner Acquires Bronx Apartment Building For $3.15M
SOLDMultiFamily

Jonathan Weiner Acquires Bronx Apartment Building For $3.15M

4303 Baychester Avenue, The Bronx, New York 10466, United States

$3,150,000

$200/SF

Building Size

15,714 SF

Asset Type

MultiFamily

Closing

Feb 14, 2022

AI

An apartment located at 4303 Baychester Avenue in Wakefield, Bronx has been sold for a price of $3,150,000. The property has a building square footage of 6,621 and a price per square foot of $475. The total lot size is 8,828 square feet. It has a tax class of 2 and a floor area ratio (FAR) of 1.78. The property has received an alteration permit on January 11, 2005. The lot dimensions are 100.75 feet by 87.42 feet.

Summary of transaction details

  • Property Type: Apartment
  • Transaction Amount: $3,150,000
  • Market: Wakefield, Bronx
  • Zoning: R4
  • Buyer: Jonathan Weiner
  • Seller: Michael Toikach
  • Price per Square Foot (PPSF): $475
  • Total Square Footage (SF): 15,714
  • Lot Size: 8,828 square feet
  • Tax Class: 2
  • Floor Area Ratio (FAR): 1.78
  • Permits: Alteration 1 (01/11/2005)
  • Lot Dimensions: 100.75 ft x 87.42 ft

This transaction was facilitated by Jonathan Weiner as the buyer and Michael Toikach as the seller. The deal represents a significant investment in the Wakefield, Bronx market, highlighting the strong demand for apartment properties in the area.

Players

Jonathan Wiener

Chestnut Holdings

Broker

$165.6M

vol

24 deals

Broker
Jonathan Wiener

Jonathan Wiener

Chestnut Holdings

Buyer

$165.6M

vol

24 deals

Buyer

Michael Toikach

Seller

$7M

vol

2 deals

Seller

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

5.04%

Cash-on-Cash

-1.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93