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Developer Snags Harlem Lot After Paying City $875K to Lift Deed: Report

By Dartunorro Clark | May 13, 2016 5:04pm | Updated on May 15, 2016 7:16pm
 A plot of land at 152nd and St. Nicholas Ave. in Harlem had its deed restrictions lifted by a city agency after a developer paid $875,000, according to the New York Times.
A plot of land at 152nd and St. Nicholas Ave. in Harlem had its deed restrictions lifted by a city agency after a developer paid $875,000, according to the New York Times.
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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.

The news comes on the heels of multiple federal and state probes into the mayor's fundraising activities. The mayor has denied any wrongdoing.

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.