EJS Group pays $32.35M to Gastonia Properties for rentals in Lenox Hill

EJS Group paid $32.35 million to Gastonia Properties for three parcels in Lenox Hill in three separate transactions.

In the first, EJS Group through the entity Ejs 1303 Third, LLC paid Gastonia Properties’s Gastonia, LLC $13.6 million for 1307-1309 Third Avenue in Lenox Hill. The deal closed on March 4, 2021 and was recorded on March 11, 2021. The transaction consists of 1 parcel, including the tax class multifamily, miscellaneous (D9) and containing 20 residential units. The property is 12,600 square feet.
The sale price per unit is $679,350.

The contract date was November 30, 2020. Segal is founder and president of EJS Group. https://www.ejsdev.com/tedsegal/
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 $66,500.

Direct link to Acris document. link
The signatory for the buyer was Theodore Segal

In the second, EJS Group through the entity Ejs 1303 Third, LLC paid Gastonia Properties’s Gast House, L.L.C. $12.9 million for 1303-1305 Third Avenue in Lenox Hill. The deal closed on March 4, 2021 and was recorded on March 11, 2021. The transaction consists of 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 14 residential units. The property is 11,600 square feet.
The sale price per unit is $924,286.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.

Direct link to Acris document. link

In the third, EJS Group through the entity Ejs 1303 Third, LLC paid Gastonia Properties’s Gastown, LLC $5.8 million for 202 East 75th Street in Lenox Hill. The deal closed on March 4, 2021 and was recorded on March 11, 2021. The transaction consists of 1 parcel, including the tax class multifamily, old law tenements (C4) and containing 9 residential units. The property is 6,950 square feet.
The average sale price per square foot is $838.

Direct link to Acris document. link