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JLL Team Markets Mixed-Use in Central Harlem
JLL Capital Markets is marketing for sale a seven-story mixed-use building at 370 Lenox Ave. in Central Harlem for $35 million. The 74,000-square-foot property offers opportunity for conversion and includes more than 55,000 square feet of fully-vacant residential space.
The JLL Capital Markets team marketing the property on behalf of the seller is led by senior managing director Stephen Palmese; managing directors Hall Oster and Ethan Stanton; VPs Teddy Galligan and Conrad Martin, and associate Braedon Gait.
“This property provides investors with enormous flexibility at a time when there is growing momentum in residential activity,” Palmese said. “Owners can pursue a condominium conversion or renovate the units into high-end rentals with ample room for amenities.”
Located four blocks from the 2/3 subway station, the building has recently undergone several capital improvements, including a restored façade, dual-fuel boiler upgrades, modernized elevator cab and new electric/gas service to each apartment.
- ◦Sale/Acquisition
