Dimensional Stone Fabricators pays $3.1M for industrial in Bloomfield

George Kapanadze of Dimensional Stone Fabricators through the entity Chelsea Industrial Buildings LLC paid $3.1 million to Rakip Vrlaku through the entity Rocky’s Construction Inc. for the industrial building at 317 Chelsea Road in Bloomfield, Staten Island.

Dimensional Stone Fabricators, an architectural stone supplier, owns the parcel just to the south, at 333 Chelsea Road.
The deal closed on March 7, 2023 and was recorded on March 24, 2023.
The seller bought the property on October 4, 2013, for $575,000. The signatory for Rakip Vrlaku was Rakip Vrlaku. The signatory for George Kapanadze was George Kapanadze.
Rocky’s Construction Inc. filed for bankruptcy in 2021, citing 317 Chelsea Road as its largest asset.

Prior sales and revenue

Prior to this transaction, Pincusco has no record that the buyer George Kapanadze had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Rakip Vrlaku had not purchased any other properties and had not sold any properties over the same time period.

The property

The N/A Bloomfield Road parcel has frontage of 100 feet and is 184 feet deep with a total lot size of 19,750 square feet. The lot is irregular. The zoning is M3-1 which allows for up to 2 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $366,000.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property since September of 2020. In addition, according to city public data, the property has not received any significant violations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $5 million on this tax lot.

The block

there are no active new building construction projects on this tax block.

the majority, or 100 percent of the 17,320 square feet of built space are industrial buildings, with specialty buildings next occupying 0 percent of the space.

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