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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. 


Inside The Story

JLL's Palmese

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 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).

  • ◦Sale/Acquisition
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