Harlem building sells for $5.3M

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A 130-unit, rent-stabilized apartment building in Harlem has sold for $5.3 million, or about $40,769 a unit. Broadhurst Willows at 307 West 143rd Street is expected to go market rate in 2009. The Related Companies was the seller and Sharp Management was the buyer; Marcus & Millichap brokered the deal. more [GlobeSt]