Environmental easement: 160,871 square feet in Parkchester

Pinnacle Group through the entity ZP Realty LLC signed an environmental easement agreement with lender The People Of The State Of New York for 5 parcels, including the tax class one-story store building (K1) at 1584 White Plains Road, 1619 East Tremont Avenue, 1880 East Tremont Avenue, 1603 Unionport Road, 1597 Unionport Road in Parkchester. The deal closed on July 17, 2019 and was recorded on August 05, 2019.
The property contains a total of 160,871 square feet of built space. The property has 160,871 square feet of available development rights.
The last time the property sold was April 21, 2015, for $14,700,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article