Private Investor Acquires Development Site In Harlem For $3.5M

The development site located at 321 West 136th Street in Harlem, New York, was recently sold in a closed transaction. The property is a development site and was purchased for a total price of $3,525,000. The price per buildable square foot was $310. The seller of the property was Adam Cohen of the Stuyvesant Group, while the buyer was a private investor.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $3,525,000
• Price per Buildable Square Foot: $310
• Address: 321 West 136th Street, New York
• Market: Harlem

The transaction was facilitated by Westbridge Realty Group, with Steven Westreich and Hen Vaknin representing the buyer and seller, respectively.

The property was purchased with approved plans to build, ensuring that the buyer has the opportunity to develop the site according to their vision.