Settlement Housing Fund pays $35M to Goodwill Industries for an interest in a multifamily property in Astoria

Settlement Housing Fund paid Goodwill Industries Of Greater NY & North NJ Inc. $35 million for an interest in 4-21 27th Avenue in Astoria. The deal closed on December 23, 2019, and was recorded on December 27, 2019. The transaction consists of 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 208 residential units.
The transfer was not explicit on what kind of interest Goodwill sold in the property. Goodwill is the fee owner of the property.

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 $3,636,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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