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A blog for breaking sales and neighborhood real estate news.

A residential development site at 329 Pleasant Avenue, located between East 117th and 118th Streets in Northern Manhattan’s East Harlem neighborhood, was sold in an all cash transaction valued at $1,125,000.

The site is 30.5’ wide and 143’ deep and is approximately 15,000 buildable square feet. The site is located in a rapidly developing neighborhood and benefits from its close proximity to the 116th Street retail corridor, the recently completed East River Plaza and the planned Second Avenue subway line. The sale price equates to approximately $75 per buildable square foot.

“This sale is a prime example the strong demand for high quality locations.  East Harlem is currently experiencing a renaissance attracting high paying renters and condominium buyers,” said First Vice President of Sales Robert Shapiro who exclusively handled this transaction with Massey Knakal Partner Thomas A. Donovan.

Click here for press release

Neighborhoods: Harlem