X
Upcoming Stories
New York & Tri-State CRE News In Your Inbox .

New York & Tri-State   /   June 20, 2019

Paul Bubny
By: Paul Bubny

Gut Renovated Central Harlem Apts. Come to Market

GFI Realty Services has been hired to market 2918 Frederick Douglass Blvd., a four-story Central Harlem multifamily building with 12 free-market units. The firm’s Yehoshua Shamel will oversee the marketing of the property, with pricing targeted at $5.65 million.

Constructed in 1920, the recently gut renovated building totals 7,700 square feet, and is composed of 12 two-bedroom units.  The property benefits from its proximity to public transit, several parks and a variety of restaurants and stores.

“Upper Manhattan continues to have significant demand on its residential inventory,” said Shamel. “In light of recent rent laws, there is significant demand for free-market, gut renovated assets of this type.”

GFI notes that Central Harlem has experienced rapid residential and retail growth in the past two decades since the city’s rezoning efforts.

There’s still time to register for the Connect Apartments Conference, taking place June 20, 2019 in Los Angeles. For more information, or to register, click here.

Connect
Inside The Story
About the Author

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
Email the Author

New call-to-action
New call-to-action
© ConnectCRE 2021 / 515 S Figueroa St., Suite 350, Los Angeles, CA 90071.
Contact Us / Policies, Privacy & DisclosuresSubmit Press Release / 
magnifiermenu