Josef Goodman And Jake Sokol Acquire Development Site In West Harlem For $7.5 Million

The development site located at 16 Convent Avenue in West Harlem has been sold for $7,500,000. The total building square footage is 10,166, with a built square footage of 50,923, which results in a price per built square foot of $147.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $7,500,000
• Address: 16 Convent Avenue
• Market: West Harlem
• BSF: 50,923
• PPBSF: $147
• SF: 10,166

The buyers of the property are Josef Goodman and Jake Sokol, with Jay Bernstein from Besen Partners representing the seller in this transaction. The project is set to include 75 units developed under the 485-x tax incentive program and is located within an Opportunity Zone. Notably, this was an all cash closing. Interested parties can reach out to Jake Sokol at [email protected] for new opportunities.