Group Gjonaj pays $7.7M to Morgan Group for rental property in Riverdale

Group Gjonaj through the entity Group Gjonaj LLC paid Morgan Group’s Paige Victoria LLC $7.7 million for 3136 Perry Avenue in Riverdale. The deal closed on June 25, 2020, and was recorded on July 10, 2020. The transaction consists of 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 48 residential units. The property is 50,000 square feet. The parcel(s) have total development potential of 50,000 square feet.
The sale price per unit is $159,375.

The contract date was February 18, 2020. The last time the property sold was August 29, 2012, for $4,275,000.

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. There was one renovation/alteration project (A2) applied for with a total estimated value of $1,027,200.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Correction: A prior version of this article wrote the borrower as Gjonaj Group, when it should be Group Gjonaj.