Yoel Zagelbaum pays $18.7M to Steven Berger for rental in Fordham

Yoel Zagelbaum through the entity East 193rd Street Propco LLC paid $18.7 million to Steven Berger through the entity 360 Properties LLC for 14-unit rental (D1) at 360 East 193rd Street in Fordham, Bronx.
The deal closed on August 31, 2021 and was recorded on September 8, 2021.
The property has 17,136 square feet of built space and 8,186 square feet of additional air rights for a total buildable of 25,320 square feet according to PincusCo analysis of city data. The sale price per built square foot is $1,091 and the price per buildable square foot is $738 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The seller bought the property on 8/31/21, for $18.7 million.
The signatory for Steven Berger was Solomon Borg. The signatory for Yoel Zagelbaum was Yoel Zagelbaum.
(220564084)The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 14 residential units on May 21, 2018.
Steven Berger signed the previous mortgage for 360 Properties LLC.
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