Marc Blumenfrucht pays $12M to Estate of Michael Lazaroff for property in Staten Island

Marc Blumenfrucht through the entity Belmont Daniel Housing Development Fund Corp paid Estate of Michael Lazaroff’s Michael J. Lazaroff LLC $12 million for 100 Daniel Low Terrace in Staten Island. The deal closed on July 2, 2020, and was recorded on August 18, 2020. The transaction consists of 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 100 residential units. The property is 62,160 square feet. The parcel(s) have total development potential of 62,160 square feet.
The sale price per unit is $119,500.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 major renovation applications including a certificate of occupancy change (A1) filed with a total estimated value of $525,000. Those filings sought to increase the number of residential units by 21 to 189
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link