Baruch Teitelbaum buys two Bronx rentals with 34 units for $8.4M
Baruch Teitelbaum bought two Bronx properties for $8.4 from two separate sellers in two separate transactions.
In the larger, Baruch Teitelbaum through the entity 800 East 160th Street LLC paid Christopher Ryan’s Choshbo Realty, LLC $5.9 million for 800 East 160th Street in Morrisania. The deal closed on October 28, 2020, and was recorded on November 12, 2020. The transaction consists of 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 26 residential units. The property is 22,230 square feet. The parcel(s) have total development potential of 22,230 square feet.
The sale price per unit is $226,923.
The contract date was August 1, 2020.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $65,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
In the second, Baruch Teitelbaum through the entity 1643-1645 Poham Holdings LLC paid Genci Popaj’s 1643 Popham LLC $2.5 million for 1643 Popham Avenue in Highbridge. The deal closed on October 29, 2020, and was recorded on November 12, 2020. The transaction consists of 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 9 residential units. The property is 7,392 square feet. The parcel(s) have total development potential of 8,592 square feet.
The average sale price per square foot is $291.
The contract date was September 15, 2020.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 9 residential units on August 29, 2017.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 5,944 square feet. Those plans include a total of 9 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Baruch Teitelbaum