Artimus Acquires Development Site In Harlem, Manhattan For $16.9M

A 50 percent stake in two non-adjacent development parcels on Amsterdam Avenue in Harlem, Manhattan has been sold for $16.9 million. The property was acquired by Artimus, operating through 1440 Art JV Member LLC, from Cityscapes Realty's Lefkas Realty LLC.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $16,950,000
• Buyer: Yoav Haron - Artimus
• Seller: Spyridon Papakonstadinou - Cityscapes Realty
• Address: 131st Street & 133rd Street
• Market: Harlem, Manhattan

Yoav Haron from Artimus, along with Cityscapes Realty's Spyridon Papakonstadinou, were the key individuals involved in this transaction. The buyer acquired a 50 percent stake in the development site from the seller's company, Lefkas Realty LLC.