Radix Capital pays $10M to Jeffrey Grossman for three industrial properties in Jamaica

Alex Ohebshalom’s Radix Capital through the entity Radix 95-25 149th St LLC paid $10 million to Jeffrey Grossman through the entity 149th Street Operating Corp. for industrial (F1) at 95-25 149th Street in Jamaica, Queens, industrial (F4) at 95-12 150th Street in Jamaica, Queens, and industrial (F4) at 95-08 150th Street in Jamaica, Queens.
The deal closed on July 8, 2021 and was recorded on July 26, 2021.
The three properties have 52,700 square feet of built space and 48,818 square feet of additional air rights for a total buildable of 101,594 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $189 and the price per buildable square foot is $98 per the PincusCo analysis.
The signatory for Jeffrey Grossman was Jeffrey Grossman. The signatory for Radix Capital was Alexander Ohebshalom.
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 were 2 renovation/alteration projects (A2) applied for with a total estimated value of $112,200.
The buyer is at the address of the Ohebshalom family’s Empire Management. Radix also intended to buy 5714 1st Avenue in Brooklyn for $24 million, according to a NYCIDA application which envisioned closing in June 2020, but no sale has been recorded.

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