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New York & Tri-State  + Uptown/Bronx  + Apartments  | 

Northern Manhattan Development Site Goes on Auction Block

Connect Apartments is coming up on June 26th in Los Angeles. Here’s a link to find out more about the conference and to register.

June 29 is the qualifying bid deadline for a development site in Manhattan’s Hudson Heights enclave, Hilco Real Estate said Wednesday. The property at 203-207 Cabrini Blvd. is going on the auction block July 9 as the result of a bankruptcy.

“Rarely does a land site like this become available with in-place zoning for a premium residential development,” said Jeff Azuse, SVP with Hilco. “Furthermore, as a result of this being a bankruptcy sale, the new owner has the unique opportunity to obtain clean title free and clear of liens and transfer taxes.”

The property is zoned R7-2, and may allow for total buildable area of 18,266 square feet and as many as 27 apartments. The property is two blocks from the 181st Street subway stop, and offers views of the Hudson River and George Washington Bridge.

For comments, questions or concerns, please contact Paul Bubny

Connect

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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 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).

  • ◦Development
  • ◦Sale/Acquisition
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