Phillip Stern signs contract to buy 75% stake in Kensington office building

Joshua Markovics through the entity Royal 59 LLC as seller signed a memorandum of contract with Phillip Stern through the entity 2250 59 St Venture LLC as buyer for 1 parcel, including the tax class office building with commercial with seven to 19 stories (O6) at 2250 59th Street in Kensington. The memorandum was signed on March 22, 2021 and was recorded on April 19, 2021.
The property contains a total of 52,446 square feet of built space.
This is a contract to sell a 75% tenant-in-common interest. The last time the property sold was May 23, 2018 for $4,000,000.
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. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $2,883,000.0.

Direct link to Acris document. link