Roy Moussaieff Acquires Development Site In East Harlem For $4.02M

A development site located at 336 East 112th Street in East Harlem, was recently sold for a total price of $4,018,000. The property spans a lot size of 50 ft x 100.92 ft and has a total buildable square footage (BSF) of 20,184. The sale was facilitated by brokers Josh Lipton and Andrew Levine of Invictus Property Advisors. The buyer of the property is Roy Moussaieff, while the seller is Dana Lowey Luttway.

Summary of Transaction Details

• Property Type: Development site
• Transaction Amount: $4,018,000
• Address: 336 East 112th Street
• Market: East Harlem
• Zoning: R7A
• BSF: 20,184
• Price per Buildable Square Foot (PPBSF): $199

This transaction highlights the successful acquisition of the development site by Roy Moussaieff from the seller, Dana Lowey Luttway. Brokers Josh Lipton and Andrew Levine from Invictus Property Advisors played a crucial role in facilitating the deal. The property's location in East Harlem, with its desirable zoning designation of R7A, presents significant opportunities for future development.