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.
12 Story, Project-Based Section 8 Building In A Prime Clinton Location
Historic Six (6) Story Elevator Office / Specialty Use Building With Air Rights
The New York City multifamily market posted its strongest quarter of the year in 3Q17 extending the positive momentum registered towards the latter half of 2Q17. The market topped $2 billion in sales during the quarter for the first time since 4Q16, led by Manhattan which saw two sales above $100 million. Until now, 2017 had only seen a single sale at that level across all sub-markets. The City also saw more transactions this quarter than any other since 3Q16. However, despite the gains, 3Q17’s performance dipped on a year-over-year basis as the market still stands decidedly lower than last year.
Vacant 3-Story Crown Heights Multifamily Building:
525 Eastern Parkway
Currently configured into 4 apartments across 3,435 gross square feet and benefitting from an additional 4,485 buildable square feet of unused air rights, the asset will be delivered vacant and offers a developer the opportunity to reposition by adding square footage and units in a market where condos regularly sell for $1,000/square foot.
Prime Central Harlem Mixed-Use Portfolio:
Adam Clayton Powell Cluster
A package of 4 mixed-use walk-up buildings and a vacant lot located in Prime Central Harlem between 133rd and 134th Street, this portfolio contains 41 residential units and 6 retail units encompassing a total of 39,445 gross square feet.
Prime Washington Heights Corner Mixed-Use Building:
1356-1358 St Nicholas Avenue
This 5 story, 16 unit walk-up is located on the southeast corner of West 178th Street and Saint Nicholas Avenue, in a rapidly expanding area of Washington Heights,within short walking distance to the New York Presbyterian - Columbia University Hospital campus.