The Real Deal New York

Online sale of East Harlem walk-up breaks area record

Four-story property sold for $607 per square foot

March 26, 2015 01:20PM

From left: 1700 Lexington Avenue and Carlos Olson

From left: 1700 Lexington Avenue and Carlos Olson

Real estate bidding website Auction.com is claiming it broke a record in East Harlem with the $2.2 million sale of 1700 Lexington Avenue.

The property sold for $607 per square foot, which the website claimed is a record for a one- to four-family home in that area, according to the New York Observer.

The sale of the 3,552-square-foot property was finalized on February 19, according to the publication, after two days of bidding between Dec. 17 and 19. Eastern Consolidated’s Carlos Olson represented seller Eva Robledo.

The building includes two two-bedroom apartments as well as two one-bedroom units. The first floor can also be used for retail space. [NYO] — Claire Moses

  • WhoWillRobDurstPissOnNext?

    The buyer is Weissman Equities Seth Weissman

    • newexperience1

      How do you know?

      • Jason

        That information is incorrect. The buyer is Afshin Hedvat according to property shark.

        • WhoWillRobDurstPissOnNext?

          what the hell kind of name is Afshin Hedvat ?

    • BH

      they’ll make micro units out of it.

  • Lars

    Off the top of my head, I know of a small townhouse in Washington Heights which sold for $700/foot in 2006. I’d be really surprised if $607/foot is really a record even in East Harlem in this overheated market.

  • CaveJohnNYC

    FYI: 4-6 units are valued as income producing in NYC

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