Friday, October 10, 2014
DWELL: 535 MANHATTAN AVENUE HAS SOLD
The lot at 535 Manhattan Avenue by 122nd Street has finally sold presumedly around the $995K asking price. This was the only empty lot on one of the best brownstone blocks of South Harlem but the higher asking price for a 15-foot parcel seemed a bit steep but somehow currently makes sense. We are just now hoping that a nondescript skinny tower with cramped balconies does not arrive here when a new building finishes up!
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Had heard that these empty lots can't build as far back as the preexisting neighboring structures due to new fire regulations; if so, wouldn't that mean the owners build taller instead?
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