Located in Central Harlem, Manhattan, the recently closed property transaction at 237 West 137th Street involved the sale of an SRO/conversion property. The building was delivered vacant and falls under the R7-2 zoning classification. The transaction took place on November 30, 2021.

Summary of transation details

• Property Type: SRO/Conversion
• Transaction Amount: $2,000,000
• Address: 237 West 137th Street
• Market: Central Harlem, Manhattan
• Buyer: Jude Bernard
• Seller: David Shavolian
• Brokers: Matthew L. Gillis & James Nestor - Ariel Property Advisors
• Units: 11
• Price Per Unit (PPU): $181,818
• Square Footage (SF): 5,340
• Price Per Square Foot (PPSF): $374

The buyers in this transaction were represented by Matthew L. Gillis and James Nestor from Ariel Property Advisors. Jude Bernard acquired the property for a total of $2,000,000 from the seller, David Shavolian. The transaction involved 11 units with a price per unit of $181,818. The property spans a total of 5,340 square feet, resulting in a price per square foot of $374.