A development site located at 2262 Frederick Douglass Blvd in Harlem has been sold for a price of $3,350,000. The property, which is zoned as R8A and C2-4, is a development site with a lot size of 24.25 ft by 100 ft. The asking price for the property was $3,000,000, and it was sold for $3,350,000, indicating a successful negotiation. The building has a total square footage of 14,448, with a price per square foot of $231.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,350,000
• Market: Harlem
• Zoning: R8A, C2-4
• Asking Price: $3,000,000
• BSF: 14,448
• PPBSF: $231
• Lot Size: 24.25 ft x 100 ft

The sale of this development site was facilitated by Yoel Sarraf, Ryan Sabet, and Vijay Komar from VCPRE. They represented the sellers and successfully closed the deal at a price higher than the asking price. The involvement of these brokers highlights their expertise in the Harlem market and their ability to negotiate favorable transactions for their clients.