This development site located at 26-34 Sherman Avenue in Washington Heights recently sold for $6,600,000. The property consists of a 10,000 square feet medical building with a dug-out basement. It is zoned R7-2/C2-4 and offers approximately 40,000 square feet of available air rights for development within an Opportunity Zone. The lot size measures 100 ft x 100 ft.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $6,600,000
• Market: Washington Heights
• Zoning: R7-2, C2-4
• Buyer: Yochonon Twersky
• Seller: Laura Petitti
• Seller's Representative: Brian Whelan, DJ Johnston & Alix Curtin @B6RealEstate
• Built Square Footage: 10,000
• Price per Built Square Foot: $165
• Lot Size: 100 ft x 100 ft

In addition to this property, B6 Real Estate is currently marketing several other development opportunities across Upper Manhattan, including 5089-5099 Broadway with a built square footage of approximately 70,000 and 5051-5055 Broadway with a built square footage of 42,000. For more details, contact Brian Whelan at [email protected] or (646) 933-2641.