Lee Warshavsky & Joseph M. Camerata Acquire Mixed-Use Property In Longwood For $24M

The mixed-use property located at 1018 East 163 Street in Longwood has been sold for a total price of $24,000,000. The asset encompasses a total of 156,048 square feet with a building square footage (BSF) of 100,792. The property has a price per square foot (PPSF) of $153 and a price per BSF (PPBSF) of $238. The lot size is 29,300 square feet, with dimensions of 237.33 ft x 196.91 ft. The property is zoned as R7-1, C1-4, and C2-4, allowing for various uses. The transaction took place on 08/26/2021.

Summary of Transaction Details:

• Property Type: Mixed-use
• Transaction Amount: $24,000,000
• Market: Longwood
• Zoning: R7-1, C1-4, C2-4
• BSF: 100,792
• PPBSF: $238
• SF: 156,048
• PPSF: $153
• Lot Size: 29,300
• Lot Dimension: 237.33 ft x 196.91 ft

The buyers of the property are Lee Warshavsky and Joseph M. Camerata. They purchased the property from the seller, Lewis Henkind. The transaction involved the alteration 2 permits, which were obtained on 03/30/2017. The property falls under tax class 2 and has a floor area ratio (FAR) of 5.36.