(Read more on the multifamily market.)

NEW YORK CITY-A five-story vacant loft building with adjacent vacant land at 2269 First Ave. in Harlem was sold by Arthur Fefferman of AFC Realty Capital in an all-cash transaction valued at $11.5 million, GlobeSt.com has learned. A source close to the deal tells us that the buyer was Mendel Mendlowitz of Adorama Inc.

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