Updated Feb 14, 2025
Jonathan Wiener Acquires Multifamily Property In Williamsbridge For $4M
745 East 217th Street, The Bronx, New York 10467, United States
$4,000,000
$719/SF
Building Size
5,560 SF
Asset Type
MultiFamily
Closing
Oct 5, 2021
About this deal
AI
A multifamily property located at 745 East 217 Street in Williamsbridge has been sold for $4,000,000. The property has a building square footage (BSF) of 3,294 and a price per BSF (PPBSF) of $1,214. It spans across 5,560 square feet, with a price per square foot (PPSF) of $719. The property falls under the R5 zoning designation and is classified as a tax class 2B. The lot size is 2,635 square feet, with dimensions of 23.05 ft x 114.31 ft. The property's floor area ratio (FAR) is 2.11. An alteration permit was issued on March 10, 2017.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Market: Williamsbridge
- Zoning: R5
The buyer in this transaction was Jonathan Wiener, while the seller was Ronald Rettner.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93