Icer Of Woodycrest Ave LLC paid $12M to 950 Woodycrest Ds LLC

Icer Of Woodycrest Ave LLC paid 950 Woodycrest Ds LLC $11.7 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 60 residential units at 950 Woodycrest Avenue in Highbridge. The deal closed on July 12, 2019 and was recorded on August 14, 2019. The parcel(s) have total development potential of 68,307 square feet.
The sale price per unit is $195,000.
The estimated cap rate is 2.2%
The last time the property sold was July 02, 2013, for $5,300,000.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $163,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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