News:
Brokerage
Posted: March 20, 2018
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
MORE FROM Brokerage
NAI Long Island achieves 100% occupancy at two Suffolk County office assets
Hauppauge, NY NAI Long Island, an affiliate of NAI Global, has achieved 100% occupancy at two Suffolk County office properties, totaling 50,689 s/f. These exclusive landlord leasing assignments involved 207
 (2).gif)
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
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.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Artificial intelligence in lending - by Lindsay Mesh Lotito
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
.gif)
August Promotion
