Peter Fine’s Atlantic Development Group pays $6M for warehouse in Riverdale

Peter Fine’s Atlantic Development Group through the entity 3041 Webster, LLC paid Carmine Rossi’s 3041 Webster Avenue Corporation $6.4 million for 3041 Webster Avenue in Riverdale. The deal closed on March 19, 2020, and was recorded on April 3, 2020. The transaction consists of 1 parcel, including the tax class fireproof warehouse (E1). The property is 30,240 square feet. The parcel(s) have total development potential of 63,548 square feet.
The average sale price per square foot is $101. The contract was signed January 21, 2020.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $1,000. Those filings sought to increase the number of residential units by 19 to 20
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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