Manhattan Residential has acquired the three-story commercial building at 327 East 84th Street, in Yorkville, for $11.8 million and plans to convert and expand the property into residential units, according to Commercial Observer. The building measures 11,583 square feet, but roughly 5,000 square feet of unused development rights exist. Five or six condominiums are planned, which would average roughly 2,000 to 3,000 square feet. Ariel Property Advisors brokered the deal.
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