Development Site At 157-181 East 108th Street Sold For $17.25M In East Harlem

The asset involved in this transaction is a development site located at 157-181 East 108th Street in the East Harlem market. The transaction was completed for a sale price of $17,250,000, with a total building square footage of 89,314 and a price per building square foot of $193.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $17,250,000
• Address: 157-181 East 108th Street
• Market: East Harlem
• Building Square Feet: 89,314
• Price per Building Square Foot: $193

Michael Tortorici and Shimon Shkury of Ariel Property Advisors represented the parties involved in this deal, facilitating the transaction in the East Harlem market.