$6M stake sold in Staten Island site Bridgewater Capital purchased in 2015

The entity Page Ave Partners LLC paid the entity Mill Creek Partners DE LLC $6.2 million for property along Richmond Valley Road in Staten Island. The deal closed on November 20, 2019, and was recorded on January 23, 2020. The transaction consists of 1 parcel, including the tax class land not zoned residential or Manhattan below 110th Street (V1). The parcel(s) have total development potential of 239,580 square feet.
The average sale price per square foot is $26.

This parcel is a piece of a larger property transaction from 2015, in which Bridgewater Capital Partners and investor Goldie Riesman paid $30 million for a 38.8-acre development site, south of Richmond Valley Road, on either side of Page Avenue. City records show a sale for $11,000,000, but The Real Deal reported the sale as $30 million.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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