Alex Adjmi pays $15.2M to Glass family for retail in Crown Heights

Alex Adjmi and his ACHS Management through the entity Empire Boulevard Holdings LLC paid $15.2 million to the Glass family through the entity 73 Aloha, LLC for a retail building (K1) at 73-97 Empire Boulevard in Crown Heights, Brooklyn, retail building (K1) at 99 Empire Boulevard in Crown Heights, Brooklyn, and industrial (G7) at N/A McKeever Place in Crown Heights, Brooklyn.
The deal closed on April 12, 2021 and was recorded on April 27, 2021.
The three properties have 38,679 square feet of built space and 38,042 square feet of additional air rights for a total buildable of 76,818 square feet according to PincusCo analysis of city data. The sale price per built square foot is $392 and the price per buildable square foot is $197 per the PincusCo analysis.
The signatories for the Glass family was Laurel Ferrari and Dennis Glass. The signatory for Alex Adjmi and ACHS Management was Alex Adjmi.
(321083830) One of the projects were to change the building from a C to a M.

In addition, Alex Adjmi|ACHS Management through the entity Empire Boulevard Holdings LLC as borrower signed an acquisition loan agreement with lender Signature Bank valued at $10 million for three properties including the retail building (K1) at 73-97 Empire Boulevard in Crown Heights, Brooklyn, retail building (K1) at 99 Empire Boulevard in Crown Heights, Brooklyn, and industrial (G7) at N/A Mc Keever Place in Crown Heights, Brooklyn.
The deal closed on April 12, 2021 and was recorded on April 27, 2021.
The three properties have 38,679 square feet of built space and 38,042 square feet of additional air rights for a total buildable of 76,818 square feet according to PincusCo analysis of city data. The loan price per built square foot is $258 and the price per buildable square foot is $130 per the PincusCo analysis.
The signatory for Alex Adjmi|ACHS Management was Alex Adjmi.
Link to the Acris documents. link