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Cushman & Wakefield Retained Exclusively to Sell 150,000 Square Foot Development Site in West Harlem

03/05/2015

Cushman & Wakefield has been retained on an exclusive basis to sell an approximately 100’ x 200’ development site at 487 West 129th Street, running block-through between Amsterdam and Convent Avenues in Manhattan’s West Harlem neighborhood.  Ownership is requesting proposals.

The site is located just north of the Manhattanville Factory district, just to the east of Columbia University’s Manhattanville expansion and just to the west of City College making this area one of the most active development areas in New York City.

Over recent years, the unprecedented demand to live in West Harlem has resulted in record sellout prices in some of the neighborhood’s most prestigious condominium buildings and a bullish rental market that appears to have no ceiling.  The project is situated a block from City College and just two blocks east of Columbia University’s 17-acre, 6.8 million square foot Manhattanville Expansion.  Upon completion, the expansion will bring state-of-the-art teaching and research facilities, parking, retail and community space to the neighborhood. 

This opportunity offers developers not only the opportunity to immediately expand or establish their presence in West Harlem, one of New York City’s booming neighborhoods, but the chance to make their footprint just blocks away from some of New York City’s most coveted institutions such as Columbia University, City College of New York, the newly developed Manhattanville Factory District and the Apollo theater.

This property is being marketed exclusively by Cushman & Wakefield’s Robert M. Shapiro and Josh Lipton.

03/05/2015 - 20:45

Source

Cushman & Wakefield Capital Markets Group New York

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