Westbridge and Vaknin of Westbridge Realty Group arrange $3.25 million sale of 25 x 100 ft. lot

Manhattan, NY Westbridge Realty Group has brokered the sale of 321 West 136th St. for $3.25 million. The 25 x 100 ft. lot between Frederick Douglass Blvd. and Edgecomb Ave. was delivered with approved plans to construct a 6.5-story elevator building spanning 11,347 s/f.

According to Steven Westreich of Westbridge Realty, the buyer, a local developer operating under the entity of West 136th Street Harlem LLC will likely develop the property into condominiums.

The seller was Adam Cohen of the Stuyvesant Group, a Brooklyn-based townhouse developer, who purchased the property in 2015 for $2.2 million.

Hen Vaknin and Westreich of Westbridge Realty were the exclusive brokers handling the sale for Cohen’s Stuyvesant Group. Joseph Friedman of Blackshore Realty Group represented the buyer.

“Through an aggressive marketing campaign, we procured a buyer who understood the dynamic condo market in West Harlem, and appreciated the transactional savings by our seller delivering approved plans,” said Westreich.

The property is centrally located one block from the 135th St. subway station which services the A, B & C trains.

Tags: Brokerage

Reprint

Previous Story Next Story

Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.

Investment Property Realty Group’s Team Friedman brokers seven Bronx closings totaling $12.07 million

IPRG’s Team Friedman brokers 7 Bronx closings totaling $12.07m

Highcap Group sells Astoria 17 unit elevatored apartment building

OPEN Impact R.E. helps Coney Island Prep. secure 39-year leasehold condominium for new 45,190 s/f high school

OPEN Impact helps Coney Island Prep. secure leasehold condo. for new high school

New York restaurant group acquires Upper West Side retail co-op for $4.135 million in deal arranged by Lee & Associates NYC

N.Y. restaurant group acquires Upper West Side retail co-op for $4.135m in deal arranged by Lee & Associates NYC

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Movers & Milestones

Montroy Architecture names Colbert principal

Columns and Thought Leadership

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional