Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-A 42,000-sf city-owned Harlem property has been sold to GV Moving Systems Inc. The company plans renovate the existing building and pave the parking lot that occupies the 12,500-sf parcel.

The site is located at 158 E. 126th St in the Harlem-East Harlem Urban Renewal Area. GV plans to spend $500,000 to improve the property’s 30,000-sf industrial building and 12,000-sf parking lot. The sale price was $565,000.

The site has been used as a moving and storage facility since 1860. GV Moving rented the property from the city in 1997, when it acquired the business of the previous tenant, Poppi and Regal Storage Warehouse.

“We have been in business in Harlem for a long time,” says Aaron Ben-Shoshan of GV Moving. “Now we will be able to renovate the building and improve and expand our business. We can look forward to continued success here in our own neighborhood.” The company plans to add 18 jobs as a result of the renovation and expansion.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.