Klosed Properties acquires mixed-use property in East Harlem for $1.35 million

Shawn Aziz, Klosed Properties

Manhattan, NY According to Klosed Properties, it has purchased 210 East 117th St. for $1.35 million. The subject property is a mixed-use residential/office building in the East Harlem neighborhood. The building was delivered vacant at closing. The seller was Tom Vignola.

210 East 117th Street - Manhattan, NY

Shawn Aziz, associate director of acquisitions, said, “This is a market we are extremely excited about due to the growth we’ve seen over the past couple of years, especially along the 2^nd Ave. retail corridor. The new subway line will serve as a catalyst for development in the area. We are sure many new New Yorkers will start to consider East Harlem for their new home since the commute downtown looks to become a bit easier and the rents are still reasonable for New York City.”

This closing marks our 2nd acquisition of 2017, while we are currently under contract to purchase 7 additional properties in NYC and the boroughs.