Stenson of Brax Realty sells corner development site on Park Ave.

New York, NY Alan Stenson, senior director of Manhattan based Investment Sales brokerage firm Brax Realty is pleased to announce the sale of a corner development site in East  Harlem. 

The property, 1640 Park Ave., located on the northwest corner of East 116th St. sold for $2 Million. Stenson represented both the buyer, The Affect Group and the seller, Great Empire Park Avenue. The property is currently a vacant lot on the northwest corner with 25 feet of frontage on Park Ave. and 90 feet of frontage on East 116th St. The zoning for the property is R9, C2-5, EHC and can be developed up to +/- 22,500 Bs/f.