Haussman Development Acquires Development Site In West Harlem, Manhattan For $2.9M

The development site located at 521 West 134th Street in West Harlem, Manhattan has been sold in a recent transaction. The property, with a total square footage of 19,184, is classified as a development site and falls under the R7A zoning category. The sale was facilitated by brokers Victor Sozio, Michael Tortorici, and James Nestor from Ariel Property Advisors. The deal took place on May 20, 2021.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $2,875,000
• Address: 521 West 134th Street, West Harlem, Manhattan
• Market: West Harlem, Manhattan
• Zoning: R7A
• Brokers: Victor Sozio, Michael Tortorici, and James Nestor from Ariel Property Advisors

Haussman Development acquired the property from the seller, August Aichhorn Center, for a total price of $2,875,000. The price per square foot for the 19,184 square footage of the site was calculated at $150.