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Posted: December 6, 2016
Vardi of Highcap Group exclusively handles 13,000 s/f parcel for $7.5 million
Highcap Group " width="150" height="150" /> Guy Vardi, Highcap GroupManhattan, 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
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