Massey Knakal Sells Residential Development Site in Harlem
A residential development site at 1653-1655 Madison Avenue, located between East 110th and East 111th Streets in Harlem, was sold in an all-cash transaction valued at $1,575,000.
The 50-foot-wide site has DOB-approved plans for a 24,375 square foot residential building with footings in place for immediate development. The site is ideally located steps away from Central Park, Museum Mile, Mount Sinai Hospital and public transportation.
“There was a strong demand for this type of development site given its prime location in Harlem,” said Massey Knakal Director of Sales Lev Kimyagarov who exclusively handled this transaction with CEO Paul J. Massey Jr.
Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,200 transactions having a market value in excess of $15 billion.