Talmud Torah D’Nitra signs 49-year ground lease with Michael Lefkowitz in Bedford-Stuyvesant

The religious school Talmud Torah D’Nitra signed a 49-year ground lease with Michael Lefkowitz’s 265 Marcus LLC at 265 Marcus Garvey Boulevard in Bedford-Stuyvesant. The deal closed on April 7, 2020, and was recorded on April 13, 2020. The transaction consists of 1 parcel, including the tax class miscellaneous educational (W9). The property is 18,600 square feet. The parcel(s) have total development potential of 37,475 square feet.

The parties signed the 49-year lease on April 7, 2020. The last time the property sold was November 5, 2019, when Lefkowitz bought it for $9 million.

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. There was one renovation/alteration project (A2) applied for with a total estimated value of $41,693.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link