Yan Moshe pays $8M to Bluestone Group for property in Sunset Park

Yan Moshe through the entity 313 43 Realty Holdings LLC paid Bluestone Group’s 313 43rd Holdings LLC $7.5 million for 314 42nd Street in Sunset Park. The deal closed on September 26, 2019, and was recorded on October 21, 2019. The transaction consists of 1 parcel, including the tax class health center, child center, clinic (I5). The property is 21,356 square feet. The parcel(s) have total development potential of 21,356 square feet.
The average sale price per square foot is $374.
The estimated cap rate is 8.0%

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