Lee Warshavsky Acquires Nursing Home In University Heights, Bronx For $5.9M

A nursing home located at 123 West 183 Street in University Heights, Bronx has been sold in a closed transaction. The property has a total square footage of 94,047 and a price per square foot of $62. The sale price of the nursing home is $5,901,375, and the building has a total of 41,688 buildable square footage with a price per buildable square foot of $141. The lot size is 33,350 and the zoning of the property is R5. The nursing home has a floor area ratio (FAR) of 2.82 and is classified under tax class 4. An alteration type 3 permit was issued for the property on January 13, 2017.

Summary of transaction details

• Property Type: Nursing Home
• Transaction Amount: $5,901,375
• Nursing Home Square Footage: 94,047
• Price per Square Foot: $62
• Buildable Square Footage: 41,688
• Price per Buildable Square Foot: $141
• Lot Size: 33,350
• Zoning: R5
• Floor Area Ratio (FAR): 2.82
• Tax Class: 4
• Permits: Alteration type 3 (01/13/2017)
• Lot Dimensions: 108.33 ft x 155.75 ft

The buyer of the nursing home is Lee Warshavsky, and the seller is J. Kenneth Pagano.