City Skyline Realty pays $10M for multifamily property in Kingsbridge

Douglas Peterson’s City Skyline Realty through the entity 226 W 242 LLC paid Dawn Pohl’s Riverdale Court Inc. $9.7 million for 226 West 242nd Street in Kingsbridge. The deal closed on February 13, 2020, and was recorded on March 3, 2020. The transaction consists of 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 61 residential units. The property is 61,500 square feet. The parcel(s) have total development potential of 61,500 square feet.
The sale price per unit is $158,852.

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