Lee Warshavsky Acquires Multi-Family Property In East Harlem, Manhattan For $18M

The property involved in this transaction is a multi-family asset located at 2071 Madison Avenue and 47 East 130 Street in East Harlem, Manhattan. It has a total square footage of 43,061 and a price per square foot of $418. The building has a total buildable square footage of 45,964, with a price per buildable square foot of $392. The property is zoned as R7A and falls under tax class 2. The lot size is 7,994 and has dimensions of 99.92 ft x 80 ft. The FAR (Floor Area Ratio) is 3.40. The previous sale of the property took place on December 18, 2009, for a price of $5,500,000.

Summary of transaction details:

• Property Type: Multi Family
• Transaction Amount: $18,000,000
• Buyer: Lee Warshavsky
• Seller: Eugene Schneur
• Market: East Harlem, Manhattan

The buyer involved in this transaction is Lee Warshavsky, while the seller is Eugene Schneur. The deal was closed on November 19, 2021. These key individuals played a significant role in the successful completion of the transaction.