Slate Property Group pays $9M to John DeSimone for dev site in Fordham

Slate Property Group through the entity Jerome Ave Development Company, LLC paid John DeSimone’s Colaz Realty Co. Inc. $9 million for 2308 Jerome Avenue, 2314 Jerome Avenue in Fordham. The deal closed on September 29, 2020, and was recorded on October 15, 2020. The transaction consists of 2 parcels, including the tax class unlicensed parking lot (G7). The parcel(s) have total development potential of 43,250 square feet.
The average sale price per square foot is $209.

The contract date was October 8, 2019. No building plans have been filed. At the same time, Slate borrowed $17 million in an acquisition and construction loan from Signature Bank.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Martin Nussbaum