Abraham Sanieoff through the entity 108-116 Winthrop Road LLC paid David Haselkorn’s Harran Holding Corp. $22.5 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 32 residential units at 37 7 Avenue in West Village. The deal closed on August 14, 2019 and was recorded on August 26, 2019. The parcel(s) have total development potential of 22,998 square feet.
The sale price per unit is $701,947.
The estimated cap rate is 2.8%
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $196,005.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link