Jonathan Wiener Acquires Multi Family Property In Longwood, Bronx For $5.2M
643 Southern Boulevard, The Bronx, New York 10455, United States
$5,200,000
$126/SF
Building Size
40,992 SF
Asset Type
MultiFamily
Closing
Dec 20, 2021
AI
The multi-family property located at 643 Southern Boulevard in Longwood, Bronx has been sold. The transaction took place on December 21, 2021. The property is zoned as R7-1 and has a floor area ratio (FAR) of 3.94. The total lot size is 10,400 square feet, with dimensions of 80 ft x 130 ft.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $5,200,000
- Buyer: Jonathan Wiener
- Seller: Abraham Lazer Kviat
- Building Square Footage (BSF): 35,776
- Price per BSF: $145
- Lot Square Footage (SF): 40,992
- Price per SF: $127
- Tax Class: 2
- Last Sale Price: $0 (3/28/2000)
The deal was facilitated by Jonathan Wiener as the buyer and Abraham Lazer Kviat as the seller. The property was sold for a total of $5,200,000. The building spans a total of 35,776 square feet, with a price per BSF of $145. The lot size measures 40,992 square feet, with a price per SF of $127. The previous sale of the property occurred on March 28, 2000, with a sale price of $0. The property is classified under tax class 2.
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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93