Harlem Congregations buys out partners Camber, Belveron for $12M in Washington Heights

Harlem Congregations for Community Improvement through the entity Nueva Era Housing Development Fund Corporation paid Camber Property Group and Belveron Partners’s Belveron Fund IV Reit Property Owner, LLC $12 million for 287 Audubon Avenue and 289 Audubon Avenue in Washington Heights. The deal closed on November 3, 2020, and was recorded on November 12, 2020. The transaction consists of 2 parcels, including the tax class multifamily, over six families without stores (C1) and containing 34 residential units.
The sale price per unit is $352,941.

This is a transfer of control within the ownership entity. These buildings were part of a 2018 purchase by Camber and Belveron, that included Harlem Congregations for Community Improvement as a partner in the deal. The last time the property sold was October 22, 2018, for $9.5 million.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link