Settlement Housing pays $13.2M to Leonard Schwartz for six rentals in Longwood Melrose

Settlement Housing Fund through the entity Sherman Cluster Housing Development Fund Corp. paid $13.2 million to Leonard Schwartz through the entity Sherman Associates, L.P. for 64-unit rental (D7) at 1060 Sherman Avenue in Longwood Melrose, Bronx, 37-unit rental (C1) at 1194 Sherman Avenue in Longwood Melrose, Bronx, and 24-unit rental (C1) at 200 East 166 in Longwood Melrose, Bronx.
The deal closed on June 30, 2021 and was recorded on August 11, 2021.
The six properties have 166,552 square feet of built space and 0 square feet of additional air rights for a total buildable of 150,008 square feet according to PincusCo analysis of city data. The sale price per built square foot is $79 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Leonard Schwartz was Leonard Schwartz. The signatory for Settlement Housing Fund was Lee Warshavsky.

Leonard Schwartz is director of operations at RMA, according to a LinkedIn bio.
The former owners according to the Department of Housing Preservation and Development included Leonard Schwartz, head officer and Luis Landol, officer. The business entity was Sherman Associates, L.P.

Within a 400-foot radius of 149 East 165, PincusCo identified one commercial real estate item of interests occurred over the past 24 months.
It was a loan which Finkelstein Timberger East Real Estate borrowed $43.8 million from Morgan Stanley Bank. secured by the 57,660-square-foot, 59-unit rental (C7) on 1055 Grand Concourse and five other properties on February 10, 2020.

Direct link to Acris document. link