Kane Ventures Acquires Development Site In Washington Heights For $3M

A development site located at 140 Hillside Ave in Washington Heights has been sold in a transaction that took place on February 17, 2022. The buyer, Kane Ventures, was represented by Yoni Bak, while the seller was Read Property Group. The sale was facilitated by brokers Sam Schertz and Mendy Wiesner from Schuckman Realty. The property was purchased for a price of $3,000,000 with approved plans and traded at a price per buildable square foot (PPBSF) of $166. The total buildable square footage (BSF) is 17,998.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $3,000,000
• Address: 140 Hillside Ave, Washington Heights
• Market: Washington Heights

Sam Schertz and Mendy Wiesner from Schuckman Realty played a crucial role in this transaction, representing both the buyer, Kane Ventures, and the seller, Read Property Group. They are experienced brokers specializing in investment sales. For any inquiries regarding development sites and properties uptown, feel free to contact Sam Schertz at [email protected] or Mendy Wiesner at [email protected].

Note: The property was purchased with approved plans and traded at $166 per buildable square foot (PBSF).