Cs 9111 4Th Avenue LLC paid $5M to 9111 4Th Avenue LLC

Cs 9111 4Th Avenue LLC paid 9111 4Th Avenue LLC $5.2 million for 1 parcel, including the tax class gas station with enclosed lubrication plant or workshop (G4) at 9111 4 Avenue in Bay Ridge. The deal closed on July 16, 2019 and was recorded on August 28, 2019. The parcel(s) have total development potential of 87,355 square feet.
The average sale price per square foot is $116.
The estimated cap rate is 2.8%

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 were 2 renovation/alteration projects (A2) applied for with a total estimated value of $40,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link