Lonicera Partners pays $9.9M for 4 parcels in Brooklyn Heights

Lonicera Partners through the entity 34-36 Remsen North Yat SPE LLC paid Sandra Lee Northrup’s A. & M. Andersen Associates, Inc. $9.9 million for 34 Remsen Street, 36 Remsen Street, 39 Grace Court, 37 Grace Court in Brooklyn Heights. The deal closed on July 24, 2020, and was recorded on August 17, 2020. The transaction consists of 4 parcels, including the tax class multifamily, over six families without stores (C1) and containing 18 residential units. The parcel(s) have total development potential of 25,816 square feet.
The sale price per unit is $551,664.

The contract date was the same as the closing date, July 24, 2020. The signatory for Lonicera was Demetrios Yatrakis.

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