Cayre Equities Acquires Development Site On 145th Street In Harlem For $10.5M

The development site located at 119 West 145th Street in Harlem, New York, has been sold for a price of $10,500,000. The property, which spans a total of 34,972 square feet, was sold at a price per buildable square foot of $300.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $10,500,000
• Address: 119 West 145th Street
• City: New York
• Market: Harlem
• Buildable Square Footage: 34,972 SF
• Price per Buildable Square Foot: $300
• Seller: Platinum Realty Associates - Koptiev Family & RW Real Estate Group
• Buyer: Cayre Equities - Ken Cayre

Platinum Realty Associates, represented by the Koptiev Family and RW Real Estate Group, sold the property to Cayre Equities, led by Ken Cayre.

It is worth noting that Platinum Realty Associates had initially purchased the Getty Gas station on the lot for $4.62 million.