Leopold Friedman pays $18.4M to Eric Paneth for nursing home in University Heights

Leopold Friedman through the entity Riverdale Real Estate Acquisition, LLC paid Eric Paneth’s 641 West 230th LLC $18.4 million for 641 Fairfield Avenue also known as 641 West 230th Street in University Heights. The deal closed on September 1, 2020, and was recorded on September 8, 2020. The transaction consists of 1 parcel, including the tax class nursing home (I6). The property is 35,462 square feet. The parcel(s) have total development potential of 79,245 square feet.
The average sale price per square foot is $232.

The contract date was April 11, 2018.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $557,320.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link