Family Life Academy Charter Schools pays $25.1M for two Bronx parcels

Family Life Academy Charter Schools paid $25.1 million to two sellers in two separate transactions in the Bronx.

In the larger, Family Life Academy Charter Schools through the entity Hb Foundation, Inc. paid Largavista Companies‘ 1926 Elsmere, Inc $12.8 million for 1400 Cromwell Avenue in Highbridge. The deal closed on December 22, 2020 and was recorded on January 11, 2021.

The contract date was March 4, 2020. The owner acquired the property in 1988.
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. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $20,000.0.

There has been one new building permit application

Direct link to Acris document. link

In the second, Family Life Academy Charter Schools through the entity Hb Foundation, Inc. paid Rosemawr Management’s Rm Flacs Iii Ny LLC $12.3 million for 370 Gerard Avenue in Mott Haven. The deal closed on December 22, 2020 and was recorded on January 11, 2021. The transaction consists of 1 parcel, including the tax class schools or academies (W3)The property is 14,400 square feet.

This is a school building. The contract date was December 22, 2020, the same as the closing date. The last time the property sold was November 20, 2019 for $10,805,471.
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
The signatory for the buyer was Kevin Kearns.