facebook
Traded Co logo
Submit

Jonathan Wiener Acquires Multi Family Property In Longwood, Bronx For $5.2M

Property Image
SOLD
$5,200,000

New York

See Similar Deals
MultiFamily40,992 SF
Sold 12/21/2021
the dealplayerscompscontact
Property Image
SOLD

Jonathan Wiener Acquires Multi Family Property In Longwood, Bronx For $5.2M

643 Southern Boulevard, The Bronx, New York 10455, United States

See Similar Deals
MultiFamily40,992 SF
Sold 12/21/2021
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$126
Total Square Footage:40,992 SF
Transaction Type:Sale

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

Jonathan Wiener
24 deals$165.6M volume
BUYER

Details

SOLD
IMAGE: 12/21/2021 ADDRESS: 643 Southern Boulevard MARKET: Longwood, Bronx ASSET TYPE: Multi Family ~ ZONING: R7-1 BUYER: Jonathan Wiener SELLER: Abraham Lazer Kviat PRICE: $5,200,000 BSF: 35,776 ~ PPBSF: $145 SF: 40,992 ~ PPSF: $127 FAR: 3.94 TAX CLASS: 2 LOT SIZE: 10,400 LAST SALE PRICE: $0 (3/28/2000) LOT DIMENSION: 80 ft x 130 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$277,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83