Riaz Badrudin Valani pays $21M to Seth Tapper for property in East Village

Riaz Badrudin Valani through the entity Tompkins Square Acquisition LLC paid Seth Tapper’s Park Corner Development, LLC $20.8 million for 109 Avenue A in East Village. The deal closed on February 28, 2020, and was recorded on March 4, 2020. The transaction consists of 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 6 residential units. The property is 16,581 square feet. The parcel(s) have total development potential of 16,581 square feet.
The average sale price per square foot is $1,251.

The broker was Avison Young’s Brandon Polakoff.

The last time the property sold was September 22, 2011, for $5,000,000.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 5 residential (or hotel) units on November 19, 2013.
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 4 renovation/alteration projects (A2) applied for with a total estimated value of $425,755.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link