Bayrock Capital pays $4.8M for planned homeless shelter in Douglaston

Bayrock Capital through the entity Br Northern Partners LLC paid Jewish Board of Family and Children’s Services’s Jewish Board Of Family And Childrens Services Inc $4.8 million for 243-02 Northern Boulevard in Douglaston. The deal closed on December 14, 2020 and was recorded on December 22, 2020. The transaction consists of 1 parcel, including the tax class health center, child center, clinic (I5)The property is 7,576 square feet. Plans were filed this month to convert the building into a 12-unit homeless shelter.
The average sale price per square foot is $634.

The contract date was August 7, 2020. The signatory for the buyer was Daniel Rabinowitz.
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 major renovation applications including a certificate of occupancy change (A1) filed with a total estimated value of $668,098. Those filings sought to increase the number of residential units by 36 to 36

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