Dr. Malcolm A Punter Acquires Apartment Building In East Harlem For $3.2M

Located at 46-48 East 129 Street in East Harlem, Manhattan, this recently closed transaction involved the sale of an apartment building. The property is zoned as R7A, R7B, and C1-4, allowing for various potential uses. The transaction took place on 11/10/2022, with the buyer, Dr. Malcolm A Punter, purchasing the property from the seller, Malcolm Punter.

Summary of transaction details:

• Property Type: Apartment Building
• Sale Price: $3,218,051
• Building Square Footage: 14,988
• Price per Building Square Foot: $214
• Total Lot Size: 3,747
• Permit: Alteration 2 (09/15/2016)
• Lot Dimension: 37.5 ft x 99.92 ft

The apartment building spans a total of 14,314 square feet, with a price per square foot of $224. The property has a FAR (Floor Area Ratio) of 3.82, indicating potential for additional construction or development. It is classified as tax class 2B.

Notably, the transaction included permits for alteration dating back to 09/15/2016. The lot size measures 3,747 and has dimensions of 37.5 ft x 99.92 ft.

Ensuring the confidentiality of parties involved, Dr. Malcolm A Punter of [Buyer's Broker Agency] represented the buyer in this transaction.