Wilkinsburghs Historic Packard Building Sold to Landmarks

Jackie and Jay Johnson recently sold Landmarks the former Packard Building in Wilkinsburg for 40% of their asking price.

Landmarks got a building it needed to proceed with its Crescent Building Development Project, and the Johnsons were entitled to a charitable contribution deduction on their federal income tax return for the difference between the price Landmarks paid and the substantiated fair market value of the property.