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THREE PROPERTIES IN EAST HARLEM SELL FOR $36.8M

NEW YORK CITY — Waterbridge Capital has purchased three properties totaling 210,220 square feet, located at the southeast corner of 125th Street and Park Avenue in East Harlem, for $36.8 million. Located at 1815 Park Ave., 1801 Park Ave. and 110 E. 125th St., the properties are currently used as a hotel, a parking lot and retail space. Waterbridge Capital plans to redevelop the properties to create a mega retail center fronting Park Avenue and 125th Street with a high-rise residential condominium building on Park Avenue and 124th Street. Lenny Sporn, Ariel Tavivian and Yair Tavivian of Douglas Elliman’s Tavivian Sporn Team represented the buyer and the seller in the transaction.

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