Jay Schippers pays $6.7M for manufacturing property in Sunset Park

Jay Schippers through the entity La Mirada-Schippers, LLC paid Louis V. Greco Jr.’s 160 17th St. LLC $6.7 million for 160 17th Street in Sunset Park. The deal closed on July 9, 2020, and was recorded on July 14, 2020. The transaction consists of 1 parcel, including the tax class light manufacturing building (F5). The property is 9,251 square feet. The parcel(s) have total development potential of 13,897 square feet.
The average sale price per square foot is $482.

The contract was signed January 4, 2020. The last time the property sold was June 2, 2015, for $2,650,000.

Greco was signatory for the buyer and seller entities, which are at separate addresses. Greco signed another contract in February 2020 to buy a Park Slope property, but no sale has yet been recorded there.

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 has been one new building permit application totaling 32,607 square feet. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link