ELH Management paid $9M to Milchman Enterprises Co., Inc.

ELH Management through the entity Evergreen Tiebout Housing Development Fund Corpora paid Milchman Enterprises Co., Inc. $9.2 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 56 residential units at 2240 Tiebout Avenue in Fordham. The deal closed on July 18, 2019 and was recorded on August 05, 2019. The parcel(s) have total development potential of 45,445 square feet.
The sale price per unit is $164,286.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel. There was one renovation/alteration project (A2) applied for with a total estimated value of $20,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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