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.
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.
4-Story Hamilton Heights Mixed-Use Building:
735 Saint Nicholas Avenue
With its convenient location on the evolving and strengthening St Nicholas retail corridor, and rising residential demand, this asset containing 1 commercial unit and 5 residential units presents investors with a stable in-place cash flow opportunity with future upside.
2017 Mid-Year Sales Report
Queens investment property, along with the rest of the City, saw a considerable slowdown in the first half of 2017 compared to the second half of 2016. Much uncertainty remains in the market, even with the November election in the rearview mirror, as interest rates continue to rise.