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Two80 Real Estate Ventures Acquires Multifamily Building In Harlem For $2.15M

Property Image
SOLD
$2,150,000
Josh Lipton
Andrew Levine
Jesse Deutch

New York

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MultiFamily4,165 SF
Sold 10/23/2018
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Property Image
SOLD

Two80 Real Estate Ventures Acquires Multifamily Building In Harlem For $2.15M

550 West 149th Street, New York, NY 10031, USA

See Similar Deals
MultiFamily4,165 SF
Sold 10/23/2018
Josh Lipton
Andrew Levine
Jesse Deutch
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$516
Total Square Footage:4,165 SF
Transaction Type:Sale

A multifamily property located at 550 West 149th Street in Harlem has been sold for $2,150,000. The property spans 4,165 square feet and was sold at a price of $516 per square foot. It consists of 9 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,150,000
  • Address: 550 West 149th Street, Harlem
  • Market: Harlem
  • Size: 4,165 SF
  • Sale Price per SF: $516
  • Number of Units: 9

The seller of the property was Glenn Rice. The buyer is Two80 Real Estate Ventures, represented by Jesse Deutch, the Founder & President of the company. Two80 Real Estate Ventures plans to convert the property into 9 Class-A apartments to meet the high demand for rentals in the local area, and to contribute to the development of the Hamilton Heights/West Harlem neighborhoods. The deal was facilitated by Invictus Property Advisors, with Josh Lipton and Andrew Levine serving as the brokers.

For more information on Jesse Deutch's acquisition criteria and inquiries regarding the deal, please contact him at [email protected].

Players

Andrew Levine
Invictus Property Advisors
Andrew Levine
67 deals$453.3M volume(212) 596-7570
BROKER
Josh Lipton
Invictus Property Advisors
Josh Lipton
103 deals$1.3B volume
BROKER
Jesse Deutch
Jesse Deutch
8 deals$61.1M volume
BUYER

Details

SOLD
IMAGE: Josh Lipton, Andrew Levine and Jesse Deutch DATE: 10/23/2018 ADDRESS: 550 West 149th Street MARKET: Harlem ASSET TYPE: Multifamily PRICE: $2,150,000 SF: 4,165 SF PPSF: $516/SF UNITS: 9 SELLER: Glenn Rice BUYER: Two80 Real Estate Ventures - Jesse Deutch (Founder & President) BUYER PLANS: Convert to 9 Class-A apartments to cater to strong local rental demand and strengthening Hamilton Heights/West Harlem neighborhoods. BROKERS: Invictus Property Advisors: Josh Lipton & Andrew Levine NOTE: For more information on Jesse’s acquisition criteria, please reach out to him at the following email address: [email protected]

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