Urban Resource Institute (URI) paid $25.9 million to Jonathan Faust, Michael Faust, and Jonathan Feigenbaum for two adjacent vacant lots in Harlem, at 478 West 130th Street and 487 West 129th Street. The larger transaction involved 478 West 130th Street, purchased for $15.9 million, and the second transaction involved 487 West 129th Street, purchased for $10 million. The properties have no built space but have substantial air rights for future development. URI has been active in property acquisitions, with six purchases totaling $135.1 million in the past 24 months.
487 West 129th Street
