Jack Guttman pays $3.2M for industrial in Hunts Point

Jack Guttman through the entity 524 Bryant LLC paid $3.2 million to Michael O’ Brien and John C. Slattery for industrial (G2) at 524 Bryant Avenue in Hunts Point, Bronx.
The deal closed on October 1, 2021 and was recorded on October 18, 2021.
The property has 10,000 square feet of built space and 10,000 square feet of additional air rights for a total buildable of 20,000 square feet according to PincusCo analysis of city data. The sale price per built square foot is $320 and the price per buildable square foot is $160 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Michael O’ Brien and John C. Slattery was Michael O’ Brien and John C. Slattery. The signatory for Jack Guttman was Jack Guttman.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 major renovation applications including a certificate of occupancy change (A1) filed with a total estimated value of $200. One of the projects were to change the building from a COM to a S-2.
Jack Guttman is a managing partner at Glasshouses.

Direct link to Acris document. link