Turnbridge Equities locks in third, fourth piece of Mott Haven assemblage for $15.3M

Ryan Nelson’s Turnbridge Equities locks in third and fourth piece of a Mott Haven assemblage for $15.3 million.

In one of those transactions, Ryan Nelson’s Turnbridge Equities through the entity 940 East 149 Property LLC paid Francisco Garcia’s F & J Master Sales Corp. $9.0 million for 940 East 149th Street in Mott Haven. The deal closed on December 18, 2019, and was recorded on January 2, 2020. The transaction consists of 1 parcel, including the tax class fireproof warehouse (E1). The property is 22,100 square feet. The parcel(s) have total development potential of 69,906 square feet.
The average sale price per square foot is $129.

Turnbridge purchased the first piece of the assemblage for $57 million in 2018, then signed a contract for another piece last year. 

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

In the other, Ryan Nelson of Turnbridge Equities through the entity 980 Rail Property LLC paid s ‘s Tj Palma Realty Partners LLC $6.3 million for East 141st Street in Mott Haven. The deal closed on January 21, 2020, and was recorded on February 13, 2020. The transaction consists of 1 parcel, including the tax class revocable consents (U8). The property is square feet. The parcel(s) have total development potential of square feet.

The average sale price per square foot is not available.

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