Frank Pecora pays $10M to Sunder Sukhu Thandani for multifamily property in East Harlem

Frank Pecora through the entity Pecora 110th Street LLC paid Sunder Sukhu Thandani’s Lovina Realty LLC $9.6 million for 71 East 110th Street in East Harlem. The deal closed on October 11, 2019, and was recorded on November 4, 2019. The transaction consists of 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 14 residential units. The property is 13,424 square feet.
The sale price per unit is $687,500.
The estimated cap rate is 2.1%

The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 14 residential (or hotel) units on December 17, 2015.
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 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