Djavid Raci pays $4.95M to Morgan Group for 31-unit rental in Riverdale

Djavid Raci through the entity 2968 Perry Avenue Associates LLC paid Morgan Group’s 2968 Perry LLC $4.95 million for 2968 Perry Avenue in Riverdale. The deal closed on July 22, 2020, and was recorded on October 30, 2020. The transaction consists of 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 31 residential units. The property is 34,320 square feet. The parcel(s) have total development potential of 34,320 square feet.
The sale price per unit is $159,677.

The contract date was March 11, 2020. The last time the property sold was June 5, 2013, for $2,900,000.

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 $88,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Djavid Raci