Howard Hershkovich pays $4M to RedSky Capital for property in Bushwick

Howard Hershkovich through the entity 950 Fish Hart Acq LLC paid RedSky Capital’s Rs Jz 950 Hart, LLC $4 million for 950 Hart Street in Bushwick. The deal closed on February 17, 2021, and was recorded on March 3, 2021. The transaction consists of 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 21 residential units. The property is 17,550 square feet. The parcel(s) have total development potential of 22,500 square feet.
The sale price per unit is $190,476.

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 $89,500.
Direct link to Acris document. link