CAMBER PROPERTY GROUP paid $76M to HIGHBRIDGE HOUSE OGDEN LLC

CAMBER PROPERTY GROUP through the entity HIGHBRIDGE HOUSE HOUSING DEVELOPMENT FUND paid HIGHBRIDGE HOUSE OGDEN LLC $76.3 million for 2 parcels, including the tax class land not zoned residential or Manhattan below 110th Street (V1) and containing 400 residential units at 1131 Ogden Avenue, University Avenue in Highbridge. The deal closed on June 25, 2019 and was recorded on July 12, 2019. The parcel(s) have total development potential of 475,438 square feet.
The sale price per unit is $190,625.
The last time the property sold was June 29, 2006, for $19,498,700.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $1,019,495.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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