Former Fairway Market Site Purchased by Columbia University

The 2.5-acre Harlem site spread across three full city blocks between 12th Avenue and the Henry Hudson Parkway has traded for $84 million in an all-cash deal. Columbia University purchased the former 8-parcel Fairway Market assemblage at 2328 12th Avenue which is the only space remaining between the university’s new Manhattanville campus and the Hudson River. Currently including a parking lot, warehouse, and retail building, as well as high-grossing billboard space visible to highway drivers and Amtrak’s Hudson Line riders, the property has the potential for 219,000 square feet of new development.