local law enforcement officials of a deal to lift the deed restriction at 45 Rivington Street on the Lower East Side, that ultimately led to the property selling for $116 million to Slate Property Group, Adam America Real Estate and China Vanke, who planned to build luxury condos there.
BRP bought the Harlem site, at 841 St. Nicholas Avenue, for $3.1 million, closing in April. The seller, the Dance Theater of Harlem, paid the city $875,000 to lift a restriction on the property that limited it to nonprofit cultural use.
Before the city approached it, BRP said it was planning a 12-unit affordable rental building on the site. [WSJ] – Ariel Stulberg