Paul Gagliardi pays $8M to Sierra Assets Group for retail property in Inwood

Paul Gagliardi through the entity 439 W. 202nd Street Realty Corp. paid Howard Sorkin’s Sierra Assets Group’s Inwood Partners 2 LLC $8 million for 417 West 202nd Street in Inwood. The deal closed on March 5, 2020, and was recorded on March 31, 2020. The transaction consists of 1 parcel, including the tax class one-story store building (K1). The property is 14,928 square feet. The parcel(s) have total development potential of 14,928 square feet.
The average sale price per square foot is $536.

The last time the property sold was June 11, 2008, for $1,675,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on July 10, 2013.
Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $400,050.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

Share this article