(Read more on the multifamily market.)
NEW YORK CITY-Julio Bogoricin has sold two contiguous16-foot-wide lots at 178-180 E. 93rd St. on Manhattan's Upper EastSide in a transaction valued at $8.7 million GlobeSt.com haslearned. The identical-sized lots are located on the south side ofEast 93rd Street between Third and Lexington avenues.
The buyer, New York City-based Greystone Development Group, hasthe intention of building condos, according to a source close tothe deal. The source tells GlobeSt.com that building condos isunconventional in the area--since the area mostly has rowhouses--and they will be restricted by zoning restrictions since itis a residential zone.
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