Bruman Realty pays $14.4M to Goodwill Industries for property in Astoria

Bruman Realty through the entity Fourth Development Holdings LLC paid Goodwill Industries Of Greater New York And Northern New Jersey $14.4 million for 26-25 4th Street in Astoria. The deal closed on November 2, 2020 and was recorded on November 20, 2020. The transaction consists of 1 parcel, including the tax class fireproof warehouse (E1).

The signatory for the buyer was Joseph Brunner. The contract was signed July 18, 2019, according to the transfer documents. A memorandum of contract reported the contract date as July 29, 2019. Solomon Feder using the same LLC as Brunner, filed new building plans in September 2020 for a 165-unit development on the parcel. Brunner also bought an easement and air rights from the neighboring parcel, co-owned by Jonathan Rose Companies and Goodwill Industries, for $2.5 million.
Over the past five years, there have been 4 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 $421,000.

There has been one new building permit application Those plans include a total of 165 residential units.

There has been one demolition project filed for the parcels over the past five years.

Direct link to Acris document. link
The signatory for the buyer was Joseph Brunner

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