Joel Schwartz pays $8M to David Damaghi for property in Ocean Hill

Joel Schwartz through the entity Broadway 1884 LLC paid David Damaghi’s 1892 Broadway Associates, Inc. $8.0 million for 1884 Broadway, 261 Hull Street, 257 Hull Street in Ocean Hill. The deal closed on February 5, 2020, and was recorded on February 14, 2020. The transaction consists of 3 parcels, including the tax class church, synagogue, chapel (M1). The parcel(s) have total development potential of 32,913 square feet.
The average sale price per square foot is $243.

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 63,274 square feet. Those plans include a total of 66 residential or hotel units. 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