Naftali Group paid $14M to ROBIN REALTY, L.L.C.

Naftali Group through the entity 1461-1469 THIRD AVE OWNER LLC paid ROBIN REALTY, L.L.C. $14.3 million for 1 parcel, including the tax class primarily one to six families with stores or offices (S9) and containing 2 residential units at 1463 3 Avenue in Yorkville. The deal closed on June 28, 2019 and was recorded on July 11, 2019. The parcel(s) have total development potential of 26,746 square feet.
The average sale price per buildable square foot is $894.
The estimated cap rate is 2.4%

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel. There has been one demolition project filed for the parcels over the past five years. The demolition included 8 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link