Arturo Perez Acquires Nursery In East Harlem, Manhattan For $19.8M

An East Harlem, Manhattan property located at 2265 3rd Avenue has been sold for $19,800,000. The asset, which is zoned as C4-6, EHC, is a nursery with a total square footage of 26,098. The building has a square footage of 71,500, resulting in a price per square foot of $276. The lot size is 7,150, with dimensions of 70.42 ft x 100 ft. The transaction took place on December 17, 2021.

Summary of transaction details

• Property Type: Nursery
• Transaction Amount: $19,800,000
• Market: East Harlem, Manhattan
• Zoning: C4-6, EHC
• Square Footage: 26,098
• Price per Square Foot: $758
• Building Square Footage: 71,500
• Price per Building Square Foot: $276
• Lot Size: 7,150
• Lot Dimensions: 70.42 ft x 100 ft

The buyer, Arturo Perez, acquired the property from the seller, Boriken Local Development Corporation. The deal was completed with a Floor Area Ratio (FAR) of 3.65 and falls under Tax Class 4. Additionally, the property had an alteration permit issued on November 3, 2017, marked as Alteration 2.