Abdi Mahamedi Acquires Multifamily Property On Palisade Avenue In North Riverdale, Bronx For $3.3M

Located in the North Riverdale neighborhood of Bronx, a multifamily property at 5501 Palisade Avenue has been sold in a recent transaction. The property, situated on a spacious lot of 74,677 square feet, features an impressive lot dimension of 182.58 ft x 409 ft. The zoning designation for the property is R1-1 and NA-2, allowing for multifamily use.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $3,300,000
• Building Square Footage (BSF): 37,338
• Price per BSF: $88
• Property Square Footage (SF): 3,734
• Price per SF: $883
• FAR: 0.05
• Tax Class: 1
• Lot Size: 74,677
• Lot Dimension: 182.58 ft x 409 ft

The buyer in this transaction is Abdi Mahamedi, while the seller is Robert Boynton. Both parties reached an agreement on November 23, 2022, for the sale of this multifamily property in North Riverdale, Bronx. The transaction reflects the ongoing activity and interest in the local real estate market.