Sitex Group pays $5M to Estate of Marco Eugene for property in Parkchester

Sitex Group through the entity Commerce 1155 SG LLC paid the Estate of Marco Eugene $5.1 million for 1157 Commerce Avenue in Parkchester. The deal closed on August 5, 2020, and was recorded on September 11, 2020. The transaction consists of 1 parcel, including the tax class fireproof warehouse (E1). The property is 25,780 square feet. The parcel(s) have total development potential of 35,790 square feet.
The average sale price per square foot is $142. The signatory for the buyer was Brian Milberg.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $500,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link