Real Estate Weekly | July 20th, 2016
GFI Realty Services announced the $1.65 million sale of a vacant single-room-occupancy (SRO) building in Harlem. The property, located at 229 West 136th Street, totals 3,332 s/f and was constructed circa 1910. The building is situated i just off of Striver’s Row, a historic district located on West 138th Street. Isaac Moskowitz, associate of GFI Realty Services, and Yosef Katz, managing director of GFI, represented both the buyer and seller — private local investors — in the transaction. The buyer is an experienced developer who intends to redevelop this SRO into a multi-family residential building.
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