Sharon Kahan controls most of East Harlem block front with $6M purchase

Sharon Kahen through the entity East 120th Holdings LLC paid Start Treatment & Recovery Centers, Inc. $5.5 million for 2195 3rd Avenue, 2193 3rd Avenue in East Harlem. The deal closed on October 4, 2019, and was recorded on October 18, 2019. The transaction consists of 2 parcels, including the tax class health center, child center, clinic (I5). The property is 70,385 square feet. The parcel(s) have total development potential of 70,385 square feet.
The average sale price per square foot is $145.
The estimated cap rate is 2.2%
The Start drug treatment services center recently purchased a neighboring building in the middle of the block. Other than that building at 2191 Third Avenue, Kahen now controls the entire block front from 119th Street to 120th Street along Third Avenue, a review of city records shows.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
A recent story on the property. link.