Prana Investments pays $5M for 20-unit rental in Tremont

Prana Investments through the entity 663-667 Crescent Ave. LLC paid Steven Satz’s 663 Crescent Realty LLC $5 million for 663 Crescent Avenue in Tremont. The deal closed on November 23, 2020 and was recorded on December 29, 2020. The transaction consists of 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 20 residential units. The property is 17,862 square feet.
The sale price per unit is $252,500.

The signatory for Prana was Sally Collazo. The contract date was March 16, 2020. The last time the property sold was December 15, 2016 for $5,085,000.
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.

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