Bernadette Chi Yau Ma through the entity Sun Star Real Estate Development 2021b, LLC paid $3.3 million to Sasha Mehdizadeh through the entity 2262 Fredrick Douglas Boulevard, LLC for the development site (V1) at 2262 Frederick Douglass Boulevard in Central Harlem, Manhattan.
The deal closed on July 30, 2021 and was recorded on September 3, 2021.
The property has 0 square feet of built space and 14,448 square feet of additional air rights for a total buildable of 14,448 square feet according to PincusCo analysis of city data. The sale price per buildable square foot is $231 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Sasha Mehdizadeh was Sasha Mehdizadeh. The signatory for Bernadette Chi Yau Ma was Bernadette Chi Yau Ma.
(123091457) Plans for a 14-unit, 14,119 square-foot R-2 were filed on May 2, 2017.
Within a 400-foot radius of 2262 Frederick Douglass Boulevard, PincusCo identified six commercial real estate items of interests occurred over the past 24 months.
Of those six items, one was in new building development. It was a new building permit issued on September 13, 2019 for a 198,537-square-foot R-2 building with 170 residential units at 300 West 122nd Street.
Of those six items, one was for major renovation including a certificate of occupancy change. It was a permit application filed on November 26, 2019 for the $5.6 million renovation of 27,745-square-foot B building with 0 residential units at 2230 Frederick Douglass Boulevard.
One of those six items was a sale which Entity represented by Yechiel Newhouse bought the 6,275-square-foot, 10-unit rental (C1) on 508 Manhattan Avenue and 11 other properties for $27.3 million from ABJ Property on January 3, 2020.
Of those six items, three were loans above $5 million totaling $46.5 million. The most recent of the three was Sutton Management Corp. which borrowed $15 million from Santander Bank secured by the 35,759-square-foot, 42-unit rental (D7) on 2272 Fredrick Douglass Bl on June 1, 2021.
Direct link to Acris document. link