The East Side 47 Portfolio is a package of 47 buildings located throughout the East Harlem neighborhood of Northern Manhattan and 4 retail & 3 residential condos (not displayed on the map) located in the East Village.
Prime 125th Street Corner Mixed-Use Elevator Building - 38 apartments & 7 commercial units with 100' of retail frontage.
The Aspen is an eight (8) story, 250,090 square foot elevatored mixed-use building spanning the entire west side of First Avenue between East 100th and 101st Streets.
Amid uncertainty regarding the presidential election, and a dearth of institutional-level transactions, the 1Q17 New York City multifamily market registered its lowest dollar volume since 1Q13. While transaction volume remained on pace with 4Q16, dollar volume fell 56% as large institutional transactions all but disappeared.
Prime Wakefield Retail Opportunity:
4250-4280 White Plains Rd & 712 East 236th St
An entire blockfront of prime retail space with an adjacent 2-family residence in the Wakefield section of the Bronx, this fully occupied 24,000 SF assemblage consists of 14 commercial and two 2 residential tenants, generating $690,000 of Gross Annual Income or roughly $28/SF.
Retail Condo in Brooklyn’s Burgeoning Tech Triangle:
66 Washington Avenue, Unit 2C
This 2,665 SF condo will be delivered vacant, presenting an opportunity to establish a presence close to successful neighboring tenants on the block such as Steiner Film & TV Studios, Brooklyn Roasting Company, Fresh Fanatic Organic Food Market & Cafe, CKO Kickboxing, Body by Brooklyn, Chase Bank, Grapeshot Wine & Spirits, Il Porto Restaurant and Brooklyn Model Works.
‘Affordable New York’ pours fuel on already fiery Flatbush development market
The Brooklyn development market slowed considerably in the first quarter, a continuation of 2016’s trend, as the expiration of the popular 421-a tax incentive program kept investors sidelined. Now that the program has been reinstated in the form of “Affordable New York,” neighborhoods that saw a lull in activity, such as Flatbush, are now primed for a significant pickup in demand.