ProjectSpan pays $3M for property in Clinton Hill

ProjectSpan through the entity 197 Waverly LLC paid Stephen M. Raphael’s 197 Waverly Avenue LLC $3 million for 197 Waverly Avenue in Clinton Hill. The deal closed on March 5, 2021 and was recorded on March 18, 2021. The transaction consists of 1 parcel, including the tax class semi-fireproof manufacturing building (F4). The property is 3,000 square feet.
The average sale price per square foot is $1,017.

The last time the property sold was June 28, 2017 for $3,200,000.
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 2 renovation/alteration projects (A2) applied for with a total estimated value of $160,000.

There has been one new building permit application. Those plans include a total of 5 residential units.

There has been one demolition project filed for the parcels over the past five years. The demolition included 2 residential units.

Direct link to Acris document. link
The signatory for the buyer was Nellie Torres.