Shortly after buying a distressed Harlem development site at an auction late last year, RWN Real Estate Partners is selling it to Happy Living Development, one of the competing bidders. The site at 300 West 122nd Street — where developer Hans Futterman spent years trying to build a 12-story, 127-unit condominium – fell into the hands of its lender in November when Ari Shalam’s RWN won with a winning bid of $48.6 million. That same […]
source https://therealdeal.com/2018/04/19/lender-on-distressed-harlem-site-is-already-cashing-out-after-auction-win/
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