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Tioga County approves $1.3M installment sale and 15-year lease with J M Greenfield for Bridge Housing
Summary
The board approved an installment land sale to J M Greenfield Real Estate LLC for $1.3 million with $100,000 down and monthly $7,500 payments, plus a 15-year lease for 22 Bridge Housing apartments at $17,491/month starting Jan. 1, 2026.
The Tioga County commissioners voted Nov. 18 to approve an Installment Land Sales Agreement with J M Greenfield Real Estate LLC for two Mansfield properties — 275 St. James Street (two buildings) and 291 South Academy Street (parking lot) — for a total sale price of $1,300,000. Terms recorded in the minutes include $100,000 due on execution, monthly installments of $7,500 over seven years, and a balloon payment due July 2, 2033.
The board also approved a separate 15-year lease, effective Jan. 1, 2026, with J M Greenfield for 22 apartments within Unit A, St. James, to be used in the county’s Bridge Housing program at a monthly rent of $17,491. The motions carried unanimously.
