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.
East Harlem Development Site for Sale or Joint Venture:
410-412 East 115th Street
A 37.5’ wide development site zoned R7-B/R7-X (3.00 FAR/5.00 FAR), this property permits approximately 12,364 buildable square feet (as-of-right). The ownership acquired additional 11,234 square feet of air rights for a total of 23,598.
Multifamily Quarter In Review:
New York City | Q3 2017
The market topped $2 billion in sales during 3Q17 for the first time since 4Q16, posting its strongest quarter of the year and extending the positive momentum registered towards the latter half of 2Q17.
Package Of 2 Central Harlem Multifamily Buildings:
111 & 148 West 141st Street
With two walk-up buildings spanning 36,935 square feet, this package contains 89 residential apartments, of which there are 40 studios, 35 one-bedrooms, 13 two-bedrooms, and one five-bedroom, two and a half bathroom garden apartment.