Leser Group pays $2.5M for property in Staten Island

Abraham Leser’s Leser Group through the entity Richmond Terrace LG, LLC paid Congregation Chasidei Belz Beth Malka $2.5 million for 1390 Richmond Terrace in Staten Island. The deal closed on August 24, 2020, and was recorded on August 31, 2020. The transaction consists of 1 parcel, including the tax class fireproof warehouse (E1). The property is 15,600 square feet. The parcel(s) have total development potential of 15,600 square feet.
The average sale price per square foot is $160.

The Leser Group filed plans in 2019 to convert one of the two buidlings on the property from a commercial building to a school.  The last time the property sold was December 17, 2015, for $1,800,000.

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 2 major renovation applications including a certificate of occupancy change (A1) filed with a total estimated value of $3,469,590. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $6,980,115.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link