Sales Beat

Treetop Development Pays $8.8 Million for Two West Harlem Properties

220-226 West 116th Street

Newark, N.J.-based Treetop Development has closed on two West Harlem walk-up properties for $8.8 million.

The 5-story buildings at 220-226 West 116th Street and 449 West 125th Street, which make up a total of 52 two- and three-bedroom apartments and seven retail stores, are part of a continued push by the company to acquire properties in under-served Manhattan neighborhoods.

In the area north of 96th Street and up to 135th Street on the west side, rents are still relatively affordable, new projects and retail hubs are sprouting, and there’s access to transportation and universities, said Adam Mermelstein, Treetop’s managing founder along with  Azi Mandel. Read More