Vardi of Highcap Group exclusively handles 13,000 s/f parcel for $7.5 million

December 06, 2016 - Front Section
Guy Vardi, <a class=Highcap Group " width="150" height="150" /> Guy Vardi, Highcap Group

Manhattan, NY Guy Vardi, director investment sales firm Highcap Group, arranged the sale of 1-15 Wadsworth Terr. in the Fort George neighborhood for $7.5 million.

Vardi exclusively represented the seller, American Development Group LLC and the purchaser, a nursing home operator.

This elongated stretch of raw land totals 13,000 s/f and sits adjacent to Gorman Park, located west of Yeshiva University, offering unobstructed views to the west.

The sellers had approved plans for 40 units totaling 61,151 s/f.  However with a community facility bonus in FAR, the site can be grown to 84,500 s/f.

Aerial, 1-15 Wadsworth Terrace - Manhattan, NY Aerial, 1-15 Wadsworth Terrace - Manhattan, NY


Add Comment

More from the New York Real Estate Journal