Community Access Housing Development Fund Company pays $6M to Nizao Realty Corp for property in Tremont

Community Access Housing Development Fund Company paid Nizao Realty Corp $6.0 million for 330 East 176th Street, 332 East 176th Street, 334 East 176th Street, 338 East 176th Street, 340 East 176th Street, and others in Tremont. The deal closed on August 27, 2019, and was recorded on September 25, 2019. The transaction consists of 11 parcels, including the tax class land zoned residential, except not Manhattan below 110th Street (V0). The property is 150,651 square feet. The parcel(s) have total development potential of 150,651 square feet.
The average sale price per square foot is $80.

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