Monday, November 5, 2012

☞ DWELL: 4 Hancock Place in Contract

The old parking lot space at 4 Hancock Place has finally gone into contract after being on the market for the past 3 years.  This piece of land that is roughly 39' x 84' is located on a side street just below 125th at St. Nicholas Avenue which is just around the corner from the express subway station.  Originally going for $1.7 million, 4 Hancock has dropped its asking to $1.59 in the past year and will mostly likely be developed as a a new South Harlem condo based on the amount being paid for the parcel.  More details can be found on the broker site: LINK

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