Rosemawr Management pays $24.6M to Hebrew Public for property in Gravesend

Rosemawr Management through the entity RM Brooklyn LLC paid Hebrew Public’s Friends Of Hebrew Public Borrower, LLC $24.6 million for 174 Kings Highway in Gravesend. The deal closed on August 21, 2020 and was recorded on December 9, 2020. The transaction consists of 1 parcel, including the tax class miscellaneous educational (W9)The property is 34,975 square feet. The parcel(s) have total development potential of 34,975 square feet.
The average sale price per square foot is $704.

Hebrew Public is a charter school organization. https://hebrewpublic.org/ The contract date was August 21, 2020, the same as the closing date. The last time the property sold was September 6, 2018 for $9,036,000. The signatory for Rosemawr was Julie Marrone, a principal with the firm. http://www.rosemawr.com/leadership-team
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 $375,000.

There has been one new building permit application

There has been one demolition project filed for the parcels over the past five years.

Direct link to Acris document. link
The signatory for the buyer was Julie Marrone