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Jonathan Weiner Acquires Bronx Apartment Building For $3.15M

Property Image
SOLD
$3,150,000

New York

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MultiFamily15,714 SF
Sold 02/15/2022
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Property Image
SOLD

Jonathan Weiner Acquires Bronx Apartment Building For $3.15M

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

See Similar Deals
MultiFamily15,714 SF
Sold 02/15/2022
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$200
Total Square Footage:15,714 SF
Transaction Type:Sale

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
24 deals$165.6M volume
BROKER

Jonathan Wiener
Chestnut Holdings
24 deals$165.6M volume
BUYER

Details

SOLD
IMAGE: 02/15/2022 ADDRESS: 4303 Baychester Avenue MARKET: Wakefield, Bronx ASSET TYPE: Apartment ~ ZONING: R4 BUYER: Jonathan Weiner SELLER: Michael Toikach PRICE: $3,150,000 BSF: 6,621 ~ PPBSF: $475 SF: 15,714 ~ PPSF: $200 FAR: 1.78 TAX CLASS: 2 LOT SIZE: 8,828 PERMITS: Alteration 1 (01/11/2005) LOT DIMENSION: 100.75 ft x 87.42 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$168,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28