Horizon Group pays $14.1M to Poma Realty for property in Bushwick
David Marom’s Horizon Group paid $14.1 million to Poma Realty for three properties in Bushwick in three separate transactions.
In the first, Horizon Group through the entity Horizon At 391 Weirfield LLC paid Andrew J. Poma Sr.’s Poma Realty Co., Inc. $7.1 million for 1438 Hancock Street, 391 Weirfield Street, 389 Weirfield Street in Bushwick. The deal closed on October 30, 2020, and was recorded on November 10, 2020. The transaction consists of 3 parcels, including the tax class land not zoned residential or Manhattan below 110th Street (V1). The property is square feet. The parcel(s) have total development potential of 42,810 square feet.
The average sale price per square foot is $165.
The contract date was April 15, 2020.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer was David Marom
In the second, Horizon Group through the entity Horizon At 376 Weirfield LLC paid Andrew J. Poma Sr.’s Poma Realty Co., Inc. $4.0 million for 376 Weirfield Street, 378 Weirfield Street in Bushwick. The deal closed on October 30, 2020, and was recorded on November 10, 2020. The transaction consists of 2 parcels, including the tax class miscellaneous open space (Z9). The property is square feet. The parcel(s) have total development potential of 29,665 square feet.
The average sale price per square foot is $134.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
In the third, Horizon Group through the entity 1504 Jeff LLC paid Andrew J. Poma Sr.’s Poma Realty Co., Inc. $3.0 million for 1504 Jefferson Avenue in Bushwick. The deal closed on October 30, 2020, and was recorded on November 10, 2020. The transaction consists of 1 parcel, including the tax class unlicensed parking lot (G7). The property is square feet. The parcel(s) have total development potential of 14,580 square feet.
The average sale price per square foot is $205.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link