Donna Shavolian Hedvat pays $6.2M to Anthony Fariro Jr. and Paul J. Fariro for industrial in Tremont{

Donna Shavolian Hedvat through the entity 575 E Tremont Operating LLC paid $6.2 million to Anthony Fariro Jr. and Paul J. Fariro through the entity 575 East Tremont Ave, LLC for industrial (Z3) at 575 East Tremont Avenue in Tremont, Bronx. The owner entity is at the same address as Afshin Hedvat’s Prime Rok Real Estate.
The deal closed on November 3, 2021 and was recorded on December 2, 2021.
The property has 14,355 square feet of built space and 36,236 square feet of additional air rights for a total buildable of 50,610 square feet according to PincusCo analysis of city data. The sale price per built square foot is $434 and the price per buildable square foot is $123 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Anthony Fariro Jr. and Paul J. Fariro was Anthony Fariro Jr. and Paul J. Fariro. The signatory for Donna Shavolian Hedvat was Donna Shavolian Hedvat.

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