DH Property Holdings acquires interest from Stewart Mann valued at $14.2M for industrial in Staten Island

Dov Hertz’s DH Property Holdings through the entity 1900 South Owner LLC acquired an interest from Stewart Mann through the entity South Avenue Owner LLC valued at $14.2M for industrial (Z9) at 1800 South Avenue in Staten Island, Staten Island.
The deal closed on June 15, 2021 and was recorded on June 21, 2021.
The property has 0 square feet of built space and 764,000 square feet of additional air rights for a total buildable of 764,000 square feet according to PincusCo analysis of city data. The sale price per built square foot is not available and the price per buildable square foot is $18 per the PincusCo analysis.
The owner bought the property on 9-Sep-14, for $7.1 million.
The signatory for Stewart Mann was Stewart Mann.

Within a 400-foot radius of 1800 South Avenue, Pincusco identified one commercial real estate item of interests occurred over the past 24 months.
It was a sale which DH Property Holdings bought the 0-square-foot development site (V1) on 1900 South Avenue and two other properties for $66.1 million from Vanderbilt family on January 13, 2021.

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