H Holding Group, Klosed, Namdar, pay $18M to Bluestone Group, Altmark Capital and Princeton Holdings for industrial property in Mott Haven

Sharon Hakmon’s H Holding Group, Klosed Properties, Namdar Realty Group through the entity H Holding 780 LLC paid Bluestone Group, Altmark Group and Princeton Holdings’s Markland 780 LLC $17.5 million for 780 East 135th Street in Mott Haven. The deal closed on November 26, 2019, and was recorded on December 11, 2019. The transaction consists of 1 parcel, including the tax class miscellaneous warehouse (E9). The property is 84,650 square feet. The parcel(s) have total development potential of 84,650 square feet.
The average sale price per square foot is $207.
The estimated cap rate is 2.2%
The last time the property sold was April 7, 2016, for $14,050,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link