Phipps Houses & Douglaston Development Acquire Mott Haven Development Site For $16.1M

An unnamed development site located at 110 East 138th Street in the Mott Haven neighborhood has been sold for a total of $16,100,000. The transaction took place on March 28, 2022, with Wayne Finkelstein acting as the seller. The property spans a total area of approximately 30,284 square feet, resulting in a price per square foot of $532. The buyers in this transaction were Phipps Houses and Douglaston Development.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $16,100,000
• Date: March 28, 2022
• Address: 110 East 138th Street
• Market: Mott Haven
• Square Footage: 30,284
• Price per Square Foot: $532

Phipps Houses and Douglaston Development, represented by Jeffrey Levine and Adam Weinstein, respectively, served as the buyers in this transaction. They acquired the development site from Wayne Finkelstein. This successful sale demonstrates the interest and investment in the Mott Haven area.