Xavier Jimenez Acquires Harlem Parking Garage With Redevelopment Potential

Xavier Jimenez has acquired a parking garage with redevelopment potential at 1850 Amsterdam Avenue in Harlem, New York. The property was sold for a price of $4,530,000. The parking garage spans 14,400 square feet, with 9,600 square feet above grade and 4,800 square feet usable below grade cellar. The price per square foot for the property is $471. The building has a total square footage of 20,000, and the price per total square footage is $226.50.

Summary of transaction details

• Property Type: Parking Garage (With Redevelopment Potential)
• Transaction Amount: $4,530,000
• SF: 14,400 sf (9,600 sf above grade, 4,800 sf usable below grade cellar)
• PPSF: $471
• BSF: 20,000 sf
• PPBSF: $226.50

Andrew Levine and Josh Lipton from ONE Commercial facilitated the transaction on behalf of the buyer, Xavier Jimenez. The seller of the property is Gale Ricketts.