Nice quick profit for Treetop
Ben Soleimani’s ABJ Properties has acquired 173 West 133rd Street and 2265, 2267, 2269, and 2273 Adam C Powell Boulevard from Treetop Development for $16.4 million.
Dig Deeper: The four mixed-use buildings span 39,455 Square Feet, and contain 41 apartments, plus six retail units. The vacant lot features around 6,450 Square Feet of unused development rights.
Flashback: Treetop’s Azi Mandel and Adam Mermelstein paid $11.25 million for the properties in 2014. They make it look easy — nice job!