Joseph Strulovich pays $2.8M to Harry Matzkin for industrial in Morrisania

Joseph Strulovich through the entity 174 Bronx LLC paid $2.8 million to Harry Matzkin through the entity Robert Matzkin Co. Inc. for industrial (F1) at 416 East 174th Street in Morrisania, Bronx.
The deal closed on November 18, 2021 and was recorded on December 6, 2021.
The property has 8,920 square feet of built space and 4,576 square feet of additional air rights for a total buildable of 13,459 square feet according to PincusCo analysis of city data. The sale price per built square foot is $311 and the price per buildable square foot is $206 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 Harry Matzkin was Alan Liebowitz. The signatory for Joseph Strulovich was Joseph Strulovich.

Within a 400-foot radius of 416 East 174th Street, PincusCo identified one commercial real estate item of interests occurred over the past 24 months.
It was a permit issued on October 23, 2020 for the $1.2 million renovation of 12,010-square-foot hotel (R-1) building with 21 units at 1734 Webster Avenue.

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