MARKLAND 140 LLC paid $4M to PANEBIANCO, NICHOLAS M

MARKLAND 140 LLC paid PANEBIANCO, NICHOLAS M $3.6 million for 1 parcel, including the tax class miscellaneous open space (Z9) at 799 East 140 Street in Mott Haven. The deal closed on May 30, 2019 and was recorded on July 12, 2019. The parcel(s) have total development potential of 58,600 square feet.
The average sale price per buildable square foot is $121.
The estimated cap rate is 1.5%

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