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NEW YORK CITY — A development site, located at 605 W. 161st St., has sold to a New York City developer for $3 million. Current zoning for the 7,669-square-foot lot offers 46,167 buildable square feet for residential use and up to 49,849 buildable square feet for community use. Ariel Property Advisors represented the seller, a religious institution, and the buyer in the deal.