SNL Storage pays $11.8M to John Livingston for property in Morrisania

SNL Storage through the entity Snl Xxiv LLC paid John Livingston’s Paladino Realty Corp $11.8 million for 581 Austin Place in Morrisania. The deal closed on February 24, 2021 and was recorded on March 4, 2021. The transaction consists of 1 parcel, including the tax class miscellaneous warehouse (E9)The property is 49,629 square feet. The parcel(s) have total development potential of 49,629 square feet.
The average sale price per square foot is $238.

SNL Storage is also known as Safe N Lock. The contract was signed August 9, 2019. The parties recorded a contract in January 2020, which PincusCo reported here.
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 has been one new building permit application

There has been one demolition project filed for the parcels over the past five years.

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