Brenda Geller paid $8M to Morgan Group

Brenda Geller through the entity 60 East 196 LLC paid Morgan Group’s 60 East 196 St. I LLC $8.1 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 47 residential units at 60 East 196 Street in Riverdale. The deal closed on August 15, 2019 and was recorded on August 28, 2019. The parcel(s) have total development potential of 74,125 square feet.
The sale price per unit is $172,660..
The estimated cap rate is 2.1%
The last time the property sold was January 30, 2013, for $4,015,000.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $1,035,800.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link