We have more Harlem real estate news to report. HarlemGal Inc received a news release recently announcing that Vornado Realty Trust has “completed the previously announced sale of a parcel of land known as Harlem Park located at 1800 Park Avenue (at 125th Street) in New York City for $66 million…” The sale was finalized in the last 48 hours.
With the sale of 1800 Park Avenue completed, we can all now assume that the previously reported plans to develop this area will now move forward. According to several online reports, “Bruce Eichner is planning an 80/20 residential project at the Harlem Park site. Eichner has been in the midst of an architectural competition for the planned development at 1800 Park Avenue and 125th Street.”