Rudd Realty Management affiliate pays $8M to Carin Mei for property in the Upper West Side

A Rudd Realty Management affiliate, the entity 495 Amsterdam Avenue LLC, paid Carin Mei’s 162 West 84th St. Corp. $8.2 million for 495 Amsterdam Avenue in the Upper West Side. The deal closed on August 6, 2019, and was recorded on September 24, 2019. The transaction consists of 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 9 residential units. The property is 27,152 square feet. The parcel(s) have total development potential of 27,152 square feet.
The average sale price per square foot is $439.
The estimated cap rate is 5.5%

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 $175,800.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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