Carver Bank To Sell Office For $20M In Harlem

American Banker reports that Carver Bancorp in New York has agreed to sell its corporate office building.

The $656 million-asset company disclosed in a regulatory filing Wednesday that it will sell the property, at 75 West 125th Street, to a group known as Chompol LLC for $19.5 million.

Carver said it will lease a portion of the property for its main office, though it will move its administrative staff to a nearby location in Harlem.

The sale required approval from the Office of the Comptroller of the Currency. Carver signed a formal agreement with the OCC May 2016 that includes mandates tied to the Bank Secrecy Act and commercial real estate.

Photo credit: Is not the location for sale.

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