Timber Equities pays $3.4M to federal government for seized property in Inwood

Timber Equities through the entity 5055 Broadway L.P. paid United States of America’s UNITED STATES OF AMERICA $3.4 million for 5055 Broadway in Inwood. The deal closed on October 29, 2020, and was recorded on November 23, 2020. The transaction consists of 1 parcel, including the tax class licensed parking lot (G6).
The signatory for the buyer or lender was Michel C. Perle.
This property was seized by federal authorities pursuant to a criminal trafficking indictment. The last time the property sold was November 6, 2009 for $400,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA.