Guarino of Friedman Roth Realty Services completes $16.5 million sale of 145 Central Park North

The first time in 70 years the religious building 145 Central Park North was sold, and now has traded twice in four months. The first transaction closed for $11.375 million, $275 per buildable s/f. The property then sold again for $16.5 million, $387 per buildable s/f to a Belgium Family and their local partner, The Einhorn Development Group (that's about a 50% increase). With 100 ft. of frontage on central park north just east of 7th Avenue (Adam Clayton Powell Jr Blvd.) the developers are planning on constructing a large Rental building with amazing views of the park. From third floor up, you have outstanding sweeping views of downtown Manhattan, overlooking central park. Richard Guarino, current president of the Bronx Manhattan North Association of Realtors and an associate broker at Friedman Roth Realty Services, was the broker who handled both sides of the transaction that closed for $16.5 million. "In my 15 years of NYC brokerage, I have never witnessed such an uneventful sale. both sides were complete gentleman, I wish all transactions went this smoothly," said Guarino.