New York & Tri-State + Uptown/Bronx + Opportunity Zones | April 28, 2020

CushWake Markets Three Sites in Harlem O-Zone

Cushman & Wakefield has been hired to sell 57, 59 and 61 E. 129th St., three adjacent, vacant walk-up redevelopments totaling 10,320 square feet in East Harlem. The firm’s Jordan Sutton and Robert Shapiro will represent the seller, Storefront Academy Harlem.

“57, 59 and 61 E. 129th presents a rare opportunity for a potential owner, user or developer to maximize operations in the Northern Manhattan marketplace,” said Sutton. “This portfolio of properties could also allow for a nonprofit organization in the heart of Harlem, which is constantly evolving.”

Located within a qualified Opportunity Zone, the properties allow ownership the flexibility to gut renovate each, and convert into single-family residences or condominiums. Additionally, the properties have air rights put in place for the potential owner to add an additional 7,662 square feet to the existing structures.

Photo courtesy of Cushman & Wakefield.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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