Michael Musto Of Development Site Advisors Represents Sale Of East Harlem Development Site For $5.7M

The property asset involved in the transaction is a development site located at 251 East 121st Street in East Harlem. The sale price for this property was $5,700,000, with a building square footage (BSF) of 58,116, resulting in a price per building square foot (PPBSF) of $98. The total square footage (SF) stands at 2,890, which gives a price per square foot (PPSF) of $1,972.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $5,700,000
• Address: 251 East 121st Street
• Market: East Harlem
• BSF: 58,116
• PPBSF: $98
• SF: 2,890
• PPSF: $1,972

The deal was represented by broker Michael Musto from Development Site Advisors, showcasing his role in facilitating this transaction within the market.