trending Market Intelligence /marketintelligence/en/news-insights/trending/dd1ly85y17jxo67tjovaoa2 content esgSubNav
In This List

New York's Carver Federal Savings sells branch for $19.5M

Blog

Using ESG Analysis to Support a Sustainable Future

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook


New York's Carver Federal Savings sells branch for $19.5M

New York-based Carver Federal Savings Bank executed a sale-and-leaseback agreement for its branch at 75 W. 125th Street.

It sold the property Feb. 22 to CHOMPOL LLC, a Gatsby Enterprises Inc. subsidiary, which is a real estate firm. The total purchase price was approximately $19.5 million. The bank is now leasing the space and maintaining its branch presence, but back-office operations are being relocated to an office on Harlem's 125th Street.

Madison Square Realty LLC and Colliers International acted on Carver Federal's behalf in the transaction.