Rosemawr Management pays $10.6M to charter school for property in Longwood Melrose

Rosemawr Management through the entity RM Bronx LLC paid American Dream Charter School’s American Dream Gerard LLC $10.6 million for 700 Gerard Avenue in Longwood Melrose. The deal closed on August 21, 2020, and was recorded on December 4, 2020. The transaction consists of 1 parcel, including the tax class transportation, public ownership (U7).

The signatory for Rosemawr was Julie Marrone. The contract date was August 21, 2020, the same as the closing date. The last time the property sold was October 30, 2018 for $1,875,000.

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 $600,000.There has been one new building permit application totaling 30,189 square feet.
Direct link to Acris document link.