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Mendel Kaff Acquires Apartment In West Farms, Bronx For $64M

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SOLD
$64,000,000

New York

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MultiFamily181,385 SF
Sold 06/07/2022
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SOLD

Mendel Kaff Acquires Apartment In West Farms, Bronx For $64M

883 East 180th Street, The Bronx, New York 10460, United States

See Similar Deals
MultiFamily181,385 SF
Sold 06/07/2022
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$352
Total Square Footage:181,385 SF
Transaction Type:Sale

A 264,392 square foot apartment building located at 883 East 180 Street in West Farms, Bronx, has been sold for $64,000,000. The property has a price per square foot of $242 and a total of 181,385 square feet. The building is zoned R7-1 and C1-4, with a floor area ratio (FAR) of 2.36. The tax class of the property is 2, and it has a lot size of 76,858 square feet.

Summary of transaction details

  • Property Type: Apartment
  • Transaction Amount: $64,000,000
  • Address: 883 East 180 Street, West Farms, Bronx
  • Market: West Farms, Bronx
  • Zoning: R7-1, C1-4
  • Price per Square Foot: $242
  • Square Footage: 181,385
  • Tax Class: 2
  • Lot Size: 76,858 square feet

The buyer of the property is Mendel Kaff, while the seller is Yehoshua L. Fruchthandler. The last recorded sale of the property was on October 31, 2017, for a price of $44,375,000. Additionally, an alteration permit was issued on September 5, 2012. The lot dimension of the property is 285.33 ft x 269.25 ft.

Players

8 deals$328.9M volume
BUYER

Details

SOLD
IMAGE: 06/07/2022 ADDRESS: 883 East 180 Street MARKET: West Farms, Bronx ASSET TYPE: Apartment ~ ZONING: R7-1, C1-4 BUYER: Mendel Kaff SELLER: Yehoshua L. Fruchthandler PRICE: $64,000,000 BSF: 264,392 ~ PPBSF: $242 SF: 181,385 ~ PPSF: $352 FAR: 2.36 TAX CLASS: 2 LOT SIZE: 76,858 LAST SALE PRICE: $44,375,000 (10/31/2017) PERMITS: Alteration 2 (09/05/2012) LOT DIMENSION: 285.33 ft x 269.25 ft

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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