NEW YORK—A residential development site at 329 Pleasant Avenue, located between East 117th and 118th Streets in Manhattan’s East Harlem neighborhood, was sold in an all-cash transaction valued at $1.125 million. This sales price equates to approximately $75 per sq. ft.

Massey Knakal’s First Vice President of Sales Robert Shapiro and Partner Thomas A. Donovan exclusively handled the transaction.

Offering approximately 15,000 buildable sq. ft., the site spans 30 ft. wide by 143 ft. deep and is located in a developing neighborhood with close proximity to the 116th Street retail corridor. 329 Pleasant Avenue is also nearby East River Plaza and the planned Second Avenue subway line.