Simcha Applegrad paid $9M to 2860 Partners LLC

Simcha Applegrad through the entity Bx 2860 LLC paid 2860 Partners LLC $9.4 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 46 residential units at 2860 Decatur Avenue in Riverdale. The deal closed on July 29, 2019 and was recorded on August 09, 2019. The parcel(s) have total development potential of 48,550 square feet.
The sale price per unit is $204,348.
The estimated cap rate is 2.4%

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