NY Yimby reports that Global real estate firm Cushman & Wakefield has announced that they have arranged the sale of 415 West 120th Street, in Morningside Heights. The buyer was represented by a C&W brokerage team and purchased the building for a total of $20.3 million.
The site measures 75 feet wide, and is a 7,569 square feet lot. The sale offers a total 45,565 square feet of buildable space for residential use, with an option for 3,633 square feet of additional space if a community facility is included.
“The property represents a prime opportunity to build ground-up new construction in an area that seldom sees new development,” said Hall Oster of Cushman & Wakefield. “The neighborhood’s proximity to some of the most prestigious institutions in the city including Columbia University, Teachers College, and Barnard College provides an ideal location for student housing focused development.”
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Future tenants will be located eight blocks away from the Frederick Douglass Boulevard 125th Street Subway Station, serviced by the A, B, C, and D trains. The 116th Street subway station on Broadway is just seven blocks away and serviced by the 1 train.