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
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