Warehouse sells for $4.3M in Highbridge

Matthew Phillips through the entity 1414-1424 Cromwell Ave Brx LLC paid Ronald Klausner’s 1414-1424 Cromwell LLC $4.3 million for 1414 Cromwell Avenue in Highbridge. The deal closed on February 17, 2021 and was recorded on February 26, 2021. The transaction consists of 1 parcel, including the tax class miscellaneous warehouse (E9)The property is 25,392 square feet. The parcel(s) have total development potential of 25,392 square feet.
The average sale price per square foot is $171.

The contract date was September 30, 2020. No debt was recorded at the time of the purchase.
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. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $15,400.0.

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