KL 1005 LLC paid $4M to 1005 46TH LLC

KL 1005 LLC paid 1005 46TH LLC $3.7 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 12 residential units at 1005 46 Street in Kensington. The deal closed on June 27, 2019 and was recorded on July 15, 2019. The parcel(s) have total development potential of 10,800 square feet.
The sale price per unit is $308,333.
The estimated cap rate is 1.8%
The last time the property sold was November 29, 2018, for $2,400,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $337,315.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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