Del Sud Realty LLC paid $6M to 1015 Sb Realty LLC

Del Sud Realty LLC paid 1015 Sb Realty LLC $6.4 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 8 residential units at 1015 Southern Boulevard in Morrisania. The deal closed on August 09, 2019 and was recorded on August 20, 2019. The parcel(s) have total development potential of 18,935 square feet.
The average sale price per square foot is $361.
The estimated cap rate is 2.4%
The last time the property sold was January 08, 2008, for $2,200,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 8 residential (or hotel) units on December 07, 2017.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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