New York & Tri-State + Uptown/Bronx + Apartments | May 17, 2022

321 Lenox Ave., the home of Harlem's Corner Social Bar, has sold in a deal arranged by JLL

Harlem’s Corner Social Bar Changes Hands in Mixed-Use Deal

JLL Capital Markets closed the $14.336-million sale of 321 Lenox Ave., a six-story, mixed-use multifamily and retail building that is home to the Corner Social Bar & Restaurant, one of the most popular watering holes in Harlem.

The team of Hall Oster, Paul Smadbeck, Teddy Galligan, Conrad Martin and Braedon Gait arranged the sale on behalf of Delshah Capital LLC. The buyer was OSTB 321 Lenox Avenue, LLC.

Originally built in 1910, 321 Lenox, also known as 101 W. 126th St., features 32 residential units and one commercial unit. It is situated on the corner of Lenox Avenue and West 126th Street within an Opportunity Zone. Following a substantial rehabilitation in 1986, all the apartments were fully deregulated and are currently on fair-market leases.

“The housing market surrounding 321 Lenox Ave. is positioned for a significant increase in demand as the city continues its post-pandemic recovery,” said Oster.

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Inside The Story

JLL's Oster

About Paul Bubny

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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).