Located in Harlem, the development site at 461 Convent Ave recently changed hands in a closed transaction. The property, owned by Universal Hagar’s Spiritual Church, was sold to Yaniv Cohen for a sale price of $1,730,000. The development site spans a total of 14,028 square feet, equating to a price per square foot of $123. The deal was facilitated by brokers Josh Lipton and Andrew Levine from Invictus Property Advisors.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,730,000
• Date: 04/10/2019
• Address: 461 Convent Ave
• Market: Harlem

Jay Lipton and Andrew Levine, representing Invictus Property Advisors, played a crucial role in facilitating the transaction between Universal Hagar’s Spiritual Church and Yaniv Cohen. The successful sale of this development site highlights the dynamic real estate market in Harlem.