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With sales slow, Harlem developer sells condo project for $22.5 million

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After a four-year effort to sell units at a recession-hit Harlem condo, the project’s developer has offloaded the entire building. A UBS fund bought the ground lease for the 46-unit building at 2130 Adam Clayton Powell Jr. Boulevard from developer Cogswell Realty, which had been marketing the building for sale as individual units under the name 2130 ACP. The building has turned rental under its new ownership, sources told The Real Deal. According to public [more]

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