Two Harlem Buildings Sell For Double Their 2011 Purchase Price

Source: Commercial Observer

Central Harlem’s 110 West 111th Street and 247 West 113th Street have been nabbed for $12.6 million, exactly double what they were purchased for in November 2011, Commercial Observer has learned. The buildings, which are just off Central Park North, contain a total of 43,344 square feet and 48 apartments. Ronnie Shaban and Amit Doshi of Besen & Associates represented the seller, Marolda Properties, as well as the buyer, Fitzcharles Properties LLC, a local private investor with multifamily holdings in the area, in the off-market deal. Read full story

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