Yakov Steinmetz paid $11M to Solomon Landau

Yakov Steinmetz through the entity 4018 Cms LLC paid Solomon Landau’s 1475 41 LLC $10.8 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 29 residential units at 4018 15 Avenue in Kensington. The deal closed on July 10, 2019 and was recorded on July 25, 2019. The parcel(s) have total development potential of 25,400 square feet.
The sale price per unit is $371,310..

The last time the property sold was August 02, 2017, for $6,739,666.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $4,637,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $709,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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