L+M Development pays $7.2M to Estates of Beatrice and Faye Altschuler for industrial in Inwood

L+M Development Partners through the entity Harlem River Ninth Avenue Development LLC paid $7.2 million to Estates of Beatrice and Faye Altschuler through the entity Estate Of Beatrice Altschuler for industrial (G7) at 408 West 207th Street in Inwood, Manhattan.
The deal closed on May 6, 2021 and was recorded on May 24, 2021.
The property has 0 square feet of built space and 150,279 square feet of additional air rights for a total buildable of 150,279 square feet according to PincusCo analysis of city data. The sale price per buildable square foot is $47 per the PincusCo analysis.
The signatory for Estates of Beatrice and Faye Altschuler was Nancy Zane and Joan Altschuhler. The signatory for L+M Development Partners was David Dishy.

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