Melin Group acquires interest valued at $5.1M from Harry Garten for retail property in Riverdale

The Melin Group acquired an interest from Harry Garten $5.1 million for 3469 Jerome Avenue in Riverdale. The deal closed on October 1, 2020, and was recorded on October 15, 2020. The transaction consists of 1 parcel, including the tax class one-story store building (K1). The property is 12,550 square feet. The parcel(s) have total development potential of 51,550 square feet.
The average sale price per square foot is $98.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $535,365.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link