Cf Sanford Company, LLC paid $9M to Apex Usa Development LLC

Cf Sanford Company, LLC paid $9M to Apex Usa Development LLC

Cf Sanford Company, LLC paid Apex Usa Development LLC $9.2 million for 1 parcel, including the tax class church, synagogue, chapel (M1) at 42-15 165 Street in Flushing. The deal closed on June 25, 2019 and was recorded on July 22, 2019. The parcel(s) have total development potential of 43,224 square feet.
The average sale price per square foot is $382.
The estimated cap rate is 2.5%
The last time the property sold was December 08, 2017, for $7,500,000.

Over the past five years, there have been 5 NYC Department of Buildings permit applications filed for this parcel. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $152,000.There have been 2 new building permit applications totaling 5,286 square feet. Those plans include a total of 4 residential or hotel units. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link