Aziz A Tareb Acquires Retail Property In Mount Hope, Bronx For $4M

Located at 17 East Tremont Avenue in Mount Hope, Bronx, this retail property was recently sold on December 7, 2021. The asset, with a total building square footage (BSF) of 29,107, sits on a lot size of 4,835 square feet. The property is zoned under C4-4D, allowing for various commercial uses. The transaction involved a buyer named Aziz A Tareb and a seller named Vincent Tomasino Jr. The sale price for the property was $4,000,000, resulting in a price per BSF (PPBSF) of $137 and a price per square foot (PPSF) of $827.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $4,000,000
• Address: 17 East Tremont Avenue, Mount Hope, Bronx
• Market: Mount Hope, Bronx
• Zoning: C4-4D

It is worth noting that the property has a floor area ratio (FAR) of 1.00 and falls under tax class 4. The lot dimension measures 50.14 ft x 98.55 ft. The last recorded sale for the property occurred on January 17, 2014, with a sale price of $2,215,038.