KIPP charter school pays $21.5M for properties in Highbridge

KIPP NYC, a charter school company, paid a combined $21.5 million for two adjacent properties in separate transactions.

In the first, KIPP NYC through the entity Macombs 1504, LLC paid Aranit Ahmetaj’s Macomb Parking Corp $10.75 million for 1518 Macombs Road in Highbridge. The deal closed on July 15, 2020, and was recorded on July 21, 2020. The transaction consists of 1 parcel, including the tax class miscellaneous garage (G9). The property is 24,000 square feet. The parcel(s) have total development potential of 73,410 square feet.
The average sale price per square foot is $146.

The contract date was February 5, 2020. The last time the property sold was July 30, 2014, for $1,800,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

In the second, KIPP NYC through the entity Macombs 1504, LLC paid Aranit Ahmetaj’s 1508 Bronx Corp $10.75 million for 1504 Macombs Road in Highbridge. The deal closed on July 15, 2020, and was recorded on July 21, 2020. The transaction consists of 1 parcel, including the tax class miscellaneous warehouse (E9). The property is 26,000 square feet. The parcel(s) have total development potential of 76,244 square feet.
The average sale price per square foot is $141.

The last time the property sold was June 27, 2013, for $1,800,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link