Phipps Houses pays $23M for warehouse property in Morrisania

Affordable apartment developer and owner Phipps Houses through the entity 1130 Tiffany Street LLC paid Rodriguez & Rodriguez Storage & Warehouse, Inc. $22.5 million for 1114 Kelly Street, 1133 Tiffany Street, 893 East 167th Street, 891 East 167th Street in Morrisania. The deal closed on November 14, 2019, and was recorded on November 25, 2019. The transaction consists of 4 parcels, including the tax class miscellaneous open space (Z9).

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 was one renovation/alteration project (A2) applied for with a total estimated value of $326,800. There has been one new building permit application totaling 25,002 square feet.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link