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City Sells 42,000-SF Harlem Property

NEW YORK CITY-GV Moving Systems, which has rented the city-owned property for five years, buys the 30,000-sf building and 12,000-sf parking lot. Renovation and expansion plans are in the works.

By Glen Thompson | Updated on June 03, 2002

NEW YORK CITY-A 42,000-sf city-owned Harlem property has been sold to GV Moving Systems Inc. The company plans renovate the existing building and pave the parking lot that occupies the 12,500-sf parcel.

The site is located at 158 E. 126th St in the Harlem-East Harlem Urban Renewal Area. GV plans to spend $500,000 to improve the property’s 30,000-sf industrial building and 12,000-sf parking lot. The sale price was $565,000.

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