Prime Corner 122 Unit Mixed-Use Building, Turn-Key Condition
Two (2) Multifamily Elevator Buildings in Prospect Lefferts Gardens
During the first quarter of 2019, the New York City multifamily market experienced declines in comparison to 2018. With the political power shift that occurred in the New York State Assembly during this past November, impending legislation pertaining to rent regulation is expected to be enacted later this year.
East Harlem’s real estate to benefit from opening of Proton Center & Development Pipeline
East Harlem has experienced a revival in recent years, with an ambitious rezoning plan paving the way for an uptick in development activity. Builders have been breaking ground at a swift pace, but the neighborhood is about to undergo yet another transformation.
55’ Wide, Shovel-Ready, Mixed-Use Development Site, 3rd Party Reports Completed: 247 East 117th Street
The property will be delivered with plans that are pending approval for a 49-unit mixed-use building. The residential portion consists of 11 studios, 22 one bedrooms, 14 two-bedrooms, and 1 three-bedroom unit.
74.08’ Wide East Harlem Development Site:
220-224 East 118th Street
The site is currently improved with a 1-story, 1,500 SF church and a 3-story, 4,224 SF multifamily building that will be delivered vacant. R7-A (4.00 FAR) zoning provides approximately 29,905 buildable square feet (as-of-right).