Alex Adjmi pays $4.7M to Ponce Bank for retail in Longwood Melrose adjacent to parcels he owns

Alex Adjmi’s ACHS Management Corp. through the entity 30 East 170th Street Acquisitions LLC paid Ponce Bank $4.7 million for 30 East 170th Street in Longwood Melrose. The deal closed on July 27, 2020, and was recorded on August 6, 2020. The transaction consists of 1 parcel, including the tax class bank building with or without parking (K7). The property is 12,960 square feet. The parcel(s) have total development potential of 26,630 square feet.
The average sale price per square foot is $178. The bank was occupying the parcel, which it had owned since 1987. Adjmi’s ACHS Management owns the adjacent parcel at 22 East 170th Street.

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