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.
Historic Six (6) Story Elevator Office / Specialty Use Building With Air Rights
Following a weak 1Q17 that was hampered by uncertainty surrounding the election, the New York City multifamily market bounced back in 2Q17. Though weakness from the 1Q17 spilled into April, sales activity picked up markedly in May and June, culminating with the year’s first $100 million sale.
4 Unit Central Harlem Mixed-Use Building With Air Rights:
261 West 126th Street
The asset is a 20’ wide, 3 story building spanning approximately 3,829 gross SF and contains 3 residential apartments, as well as one ground floor commercial unit. The residential units enjoy free market status.
Multifamily Month in Review:
The New York City multifamily market capped off 2Q17 with its strongest month of the year so far. In June, the City saw more transactions and higher dollar volume than any month since December 2016, culminating with the year’s first $100 million sale.
13,200 BSF Prospect Lefferts Gardens Development Site:
486-488 Lefferts Avenue
This 40’ vacant lot, located on a wide street, is R6 zoned lot and has an FAR of 3.0. The immediate area is rapidly gentrifying with many new buildings which were recently developed or in the process of being developed.