Hysen Mehmetaj pays $7.5M to Morgan Group for multifamily property in Riverdale

Hysen Mehmetaj’s 5 Realty Holdings LLC paid Morgan Group’s Dani-Izzy LLC $7.5 million for 5 East 196th Street in Riverdale. The deal closed on July 10, 2020, and was recorded on July 22, 2020. The transaction consists of 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 50 residential units. The property is 51,896 square feet. The parcel(s) have total development potential of 51,896 square feet.
The sale price per unit is $150,520.

The contract date was December 31, 2019. Mehmetaj bought other property from the Morgan Group, including paying $14 million for rentals in Tremont.

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