Kadima Vehicle Sells Staten Island Industrial Assemblage for $167M
A Kadima Industrial Partners entity sold four Staten Island lots on South Avenue and Industry Road for $167,125,000, about $86.8M above its 2021 cost.
A Kadima Industrial Partners entity has sold a four-lot Staten Island industrial assemblage for $167,125,000, roughly double what it paid in 2021, according to the city’s transfer tax record.
Why it matters
Staten Island industrial land has repriced faster than most developers modeled. The seller, 1900 South Owner LLC, lists Kadima at 360 Lexington Avenue as its care-of party. A builder or broker pricing last-mile space on the island now has a $167.1M comp, backed by a filed return, not a broker’s ask. The New York coverage tracks the city’s large trades, including the Nostrand Houses mortgages.
The numbers
The return, recorded September 18, 2026 and dated July 30, covers 1800 South Avenue, 1780 South Avenue, 1900 South Avenue and 360 Industry Road (block 1801, lots 160, 45, 35 and 75). The city codes three lots as commercial and one, 1900 South Avenue, as industrial.
The seller assembled the site in 2021. Two priced returns show Vanbro Corporation and South Avenue Owner LLC selling to it: $66,096,000 on a return dated December 30, 2020, and $14,250,000 on one dated June 15, 2021. Together that is $80,346,000, so the seller sold for about $86.8M more than it paid, or 2.08 times, after roughly 5.6 years. Several other returns on the same lots show $0 and were not counted.
We did not compute a price per square foot. The transfer return does not state building or land area, and we have not matched it to city lot data.
What’s next
The buyer, 1900 South SI LLC, lists 4 Star Point in Stamford, Connecticut. The record does not name the people behind it, and we have not found a mortgage recorded against the lots yet. A financing filing would show who is lending on the purchase.
On the record
What we checked ourselves, and where you can check it too.
- Public recordThe seller, 1900 South Owner LLC, lists Kadima Industrial Partners at 360 Lexington Avenue as its care-of party on the 2026 transfer return; the buyer, 1900 South SI LLC, lists a Stamford, Connecticut address.View the record on a836-acris.nyc.gov
- Public recordThe same seller entity paid $66,096,000 (return dated 2020-12-30, recorded 2021-01-13) and $14,250,000 (dated 2021-06-15, recorded 2021-06-21) for lots on the same block, $80,346,000 combined.View the record on a836-acris.nyc.gov
On the record
- Primary recordNYC Department of Finance (ACRIS)Real property transfer tax return, $167,125,000, four lots, recorded 2026-09-18
- Primary recordNYC Department of Finance (ACRIS)2021 transfer tax return, $66,096,000, Vanbro Corporation to 1900 South Owner LLC
- Primary recordNYC Department of Finance (ACRIS)2021 transfer tax return, $14,250,000, South Avenue Owner LLC to 1900 South Owner LLC