April 28, 2020
Cushman & Wakefield has been hired to sell 57, 59 and 61 E. 129th St., three adjacent, vacant walk-up redevelopments totaling 10,320 square feet in East Harlem. The firm’s Jordan Sutton and Robert Shapiro will represent the seller, Storefront Academy Harlem.
“57, 59 and 61 E. 129th presents a rare opportunity for a potential owner, user or developer to maximize operations in the Northern Manhattan marketplace,” said Sutton. “This portfolio of properties could also allow for a nonprofit organization in the heart of Harlem, which is constantly evolving.”
Located within a qualified Opportunity Zone, the properties allow ownership the flexibility to gut renovate each, and convert into single-family residences or condominiums. Additionally, the properties have air rights put in place for the potential owner to add an additional 7,662 square feet to the existing structures.
Photo courtesy of Cushman & Wakefield.
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