1578 Williamsbridge Road LLC paid $8M to Prilep Properties

1578 Williamsbridge Road LLC paid Prilep Properties, LLC $8.4 million for 2 parcels, including the tax class land zoned residential, except not Manhattan below 110th Street (V0) at 1574 Williamsbridge Road, 1578 Williamsbridge Road in Morris Park. The deal closed on July 18, 2019 and was recorded on August 01, 2019. The parcel(s) have total development potential of 28,334 square feet.
The average sale price per square foot is $327.
The estimated cap rate is 4.3%
The last time the property sold was April 30, 2004, for $5,300,000.

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