Gontar Management pays $11.2M to Rudin Management for 61-unit rental in Parkchester

Michael Gontar’s Gontar Management through the entity GM 1400 Benson LLC paid Rudin Management’s 1400 Benson Street LLC $11.2 million for 1400 Benson Street in Parkchester. The deal closed on December 21, 2020 and was recorded on December 31, 2020. The transaction consists of 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 61 residential units. The property is 55,272 square feet.
The sale price per unit is $184,426.

The last time the property sold was December 31, 2012 for $3,655,000.
Over the past five years, there have been 5 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 5 renovation/alteration projects (A2) applied for with a total estimated value of $862,281.

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