The property asset involved in this transaction is located at 825 W 187th St, New York, NY, 10033. It features an 11,000-square-foot lot behind the property at 49 Chittenden Avenue, which has less than 40,000 square feet of residential development rights. The transaction was completed for a total price of $33,000,000.00.

Summary of transaction details:

• Property Type: Rental building
• Transaction Amount: $33,000,000.00
• Buyer: West 187 Street LLC
• Seller: Hudsoncliff Building Co.
• Buyer’s Representative: Mark Steinmetz-Meridian Capital Group
• Seller’s Representative: Amit Doshi-Meridian Capital Group
• Market: New York

The seller, Hudsoncliff Building Co., has maintained ownership of the property since at least the early 1970s. The deal involved the professional representation of separate broker teams, with Amit Doshi and Shallini Mehra from Besen & Associates serving as the sellers' representatives, while Mark Steinmetz, along with Zach Firestone from Meridian Investment Sales, represented the buyer.