Carver in N.Y. to sell corporate office in Harlem for $20M

By Paul Davis February 22, 2018, 8:58 a.m. EST 1 Min Read

Carver Bancorp in New York has agreed to sell its corporate office building.

The $656 million-asset company disclosed in a regulatory filing Wednesday that it will sell the property, at 75 West 125^th St., to a group known as Chompol LLC, a unit of New York real estate company Gatsby Enterprises, for $19.5 million.

Carver said it will lease a portion of the property for its main office, though it will move its administrative staff to a nearby location in Harlem.

The sale required approval from the Office of the Comptroller of the Currency. Carver signed a formal agreement with the OCC May 2016 that includes mandates tied to the Bank Secrecy Act and commercial real estate.

Paul Davis

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