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Zachary Hering Acquires Apartment In Mount Hope, Bronx For $19.75M

1988 Anthony Avenue
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This MultiFamily property located in NY was sold for $19,750,000 almost 2 years ago.

The apartment building located at 1988 Anthony Ave in Mount Hope, Bronx has been sold for a price of $19,750,000. The property, zoned as R7-1, consists of a total of 42,677 square feet, with a price per square foot of $462. The building has a total area of 42,180 square feet, resulting in a price per square foot of $468. The lot size is approximately 12,406 square feet, with dimensions of 10 ft x 150 ft.

Summary of transaction details:

  • Property Type: Apartment
  • Transaction Amount: $19,750,000
  • Address: 1988 Anthony Ave, Mount Hope, Bronx
  • Zoning: R7-1
  • Buyer: Zachary Hering
  • Seller: Robert Lumaj

The transaction also involves the following additional information: the building's floor area ratio (FAR) is 3.40, and it is classified as tax class 2. The previous sale of the property was recorded on 03/01/2016, with a price of $850,000. A permit for alteration was issued on 10/18/2021.

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Deals
  • Location
    1988 Anthony Avenue, The Bronx, New York 10457, United States1988 Anthony Avenue, The Bronx, New York 10457, United States
  • Sale Price
    $19,750,000$19,750,000
    $468 PPSF$468 PPSF
  • Area
    42,180 SF42,180 SF
  • Asset Type
    MultiFamilyMultiFamily

Deal Summary

SALE DATE: 06/15/2022 ADDRESS: 1988 Anthony Ave MARKET: Mount Hope, Bronx ASSET TYPE: Apartment ~ ZONING: R7-1 BUYER: Zachary Hering SELLER: Robert Lumaj PRICE: $19,750,000 BSF: 42,677 ~ PPBSF: $462 SF: 42,180 ~ PPSF: $468 FAR: 3.40 TAX CLASS: 2 LOT SIZE: 12,406 LAST SALE PRICE: $850,000 (03/01/2016) PERMITS: Alteration 3 (10/18/2021) LOT DIMENSION: 10 ft x 150 ft

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