CW Realty pays $14M for school property in Crown Heights

Cheskie Weisz’s CW Realty through the entity 1499 Bedford LLC paid Sanford Nager and Arlene Nager’s Loki Realty, LLC $13.9 million for 1499 Bedford Avenue in Crown Heights. The deal closed on September 18, 2020, and was recorded on October 13, 2020. The transaction consists of 1 parcel, including the tax class miscellaneous educational (W9). The property is 20,000 square feet. The parcel(s) have total development potential of 66,306 square feet.
The average sale price per square foot is $210.

The contract date was November 21, 2019.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 66,528 square feet. Those plans include a total of 98 residential or hotel units.
Direct link to Acris document. link
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