Start Treatment & Recovery Centers pays $9M to Judy Hundley of Gracious Thyme Catering for property in East Harlem

Start Treatment & Recovery Centers, Inc. paid Judy Hundley of Gracious Thyme Catering’s 2191 Third Avenue LLC $9.1 million for 2191 3rd Avenue in East Harlem. The deal closed on September 26, 2019, and was recorded on October 16, 2019. The transaction consists of 1 parcel, including the tax class office building with two to six stories (O2). The property is 66,351 square feet. The parcel(s) have total development potential of 66,351 square feet.
The average sale price per square foot is $222.
The estimated cap rate is 2.9%

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on August 25, 2015.
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 were 2 renovation/alteration projects (A2) applied for with a total estimated value of $272,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link