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New York & Tri-State  + New York + Uptown/Bronx  + Apartments  | 
1640 Park Avenue East Harlem Rendering

East Harlem Development Site Changes Hands

Alan Stenson, senior director of Manhattan-based investment sales brokerage firm Brax Realty, arranged the sale of a corner development site in East Harlem. The property, 1640 Park Ave.located on the northwest corner of East 116th Street, sold for $2,000,000.  

Stenson represented both the buyer, The Affect Group and the seller, Great Empire Park Avenue. The property is currently a vacant lot on the northwest corner with 25’ of frontage on Park Avenue and 90 feet of frontage along East 116th Street.  

Under current zoning, the property can be developed up to 22,500 buildable square feet. 

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Brax Realty

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

  • ◦Sale/Acquisition
  • ◦Development
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