Hee Nam Bae Purchases Development Site In East Harlem For $5.5M

The property located at 2148 3rd Avenue & 183 East 117th Street in East Harlem, Manhattan, is a development site spanning 9,895 square feet, with a building square footage of 64,350. The transaction involved a sale between Hee Nam Bae, the buyer, and Jason Maalouly, the seller, facilitated by Robert Aaron from Horvath & Tremblay. The sale price for this development site was $5,500,000, resulting in a price per square foot of $556 and a price per building square foot of $85.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $5,500,000
• Address: 2148 3rd Avenue & 183 East 117th Street
• Market: East Harlem, Manhattan
• Buyer: Hee Nam Bae
• Seller: Jason Maalouly
• Broker: Robert Aaron - Horvath & Tremblay
• SF: 9,895
• PPSF: $556
• BSF: 64,350
• PPBSF: $85

The deal's key individuals included Hee Nam Bae as the buyer and Jason Maalouly as the seller, with Robert Aaron representing the transaction on behalf of Horvath & Tremblay, showcasing their expertise in facilitating property transactions in East Harlem, Manhattan.