Camba pays $16.5M to Peter Fine for 323-unit site in Riverdale

Camba paid $16.5 million to Peter Fine for two parcels with permitted projects totaling 323 units in Riverdale.

In the first, Camba through the entity Chv Bedford Park Housing Development Fund Corp paid Peter Fine’s Bolivar Ventures II LLC $8.9 million for 270 East 203rd Street in Riverdale. The deal closed on December 17, 2020 and was recorded on January 7, 2021. The transaction consists of 1 parcel, including the tax class land zoned residential, except not Manhattan below 110th Street (V0)The property is 0 square feet. The parcel(s) have total development potential of 0 square feet.
The average sale price per square foot is not available.

The signatory for the buyer was Joanne Oplustil, executive director of Camba, which provides affordable supportive housing and other services.  Peter Fine is the founder of the affordable development firm Atlantic Development Group. The last time the property sold was November 9, 2018 for $750,000. Fine obtained permits for the construction of 323 units for new buildings at the site in December 2020.
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 has been one demolition project filed for the parcels over the past five years. The demolition included 3 residential units.

Direct link to Acris document. link
The signatory for the buyer was Joanne M. Oplustil.

In the second, Camba through the entity Chv Bedford Park Housing Developemtn Fund Corp paid Peter Fine’s Walnut 202 LLC $7.6 million for 261 East 202nd Street in Riverdale. The deal closed on December 17, 2020 and was recorded on January 7, 2021. The transaction consists of 1 parcel, including the tax class land zoned residential, except not Manhattan below 110th Street (V0)The property is 0 square feet. The parcel(s) have total development potential of 0 square feet.
The average sale price per square foot is not available.

The last time the property sold was August 30, 2017 for $800,000.
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 has been one new building permit application Those plans include a total of 163 residential units.

There have been 2 demolition projects filed over the past five years. The demolition included 4 residential units.

Direct link to Acris document. link
The signatory for the buyer or lender was Joanne M. Oplustil