HARLEM – A plot of land which for 30 years was allowed only to be used by cultural groups has been bought by a developer which paid the city $875,000, the New York Times reported.
The Department of Citywide Administrative Services accepted $875,000 in exchange for lifting the deed restriction at 152nd Street and St. Nicholas Avenue, the newspaper reported.
The lot, owned by the Dance Theater of Harlem, had the restriction in place since 1976. Developer BRP Companies bought the lot last month for $3.1 million, the paper reported.
The developer also made a financial contribution to one of Mayor Bill de Blasio’s political causes, according to the paper.
According to The Real Deal, a real estate news outlet, the developer is planning to build apartments on the lot. BRP Companies could not be reached for comment.