Raz Sapir Acquires Industrial Property In Soundview For $3.5M
1209 Bronx River Avenue
20,000 SF
Summary
The industrial property located at 1209 Bronx River Avenue in Soundview has been sold for a price of $3,500,000. The property has a building square footage (BSF) of 10,000 and a price per building square footage (PPBSF) of $350. It also has a total square footage (SF) of 20,000, with a price per square footage (PPSF) of $175. The lot size is 10,000, and the property is zoned as M1-1 according to the market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,500,000
- BSF: 10,000
- PPBSF: $350
- SF: 20,000
- PPSF: $175
- Zoning: M1-1
The buyer of the property is Raz Sapir, while the sellers are Frank Lettera, Michele R. Cestaro, and Michael Lettera Jr. The sale transaction also involved the following details: the floor area ratio (FAR) is 2.00, and the tax class of the property is 4. Additionally, there is a permit for alteration type 1 dating back to July 24, 2017. The lot dimensions are 100 feet by 105.64 feet.
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