NYC real estate in brief

June 16, 2009 03:34PM

East Harlem rental gets makeover
A five-story residential building in East Harlem will be renovated, thanks to a $1.69 million construction loan from Community Preservation Corp. and the city Department of Housing Preservation and Development. The building, at 10 East 132nd Street, currently contains 15 two-bedroom units, which will be reconfigured into one studio and nine two-bedroom apartments. Other improvements in the building will include plumbing and electrical upgrades, installation of new kitchens and bathrooms, new heating systems and a new roof. There are two tenants currently living in the building, and they will be temporarily relocated during construction.

Citigroup Center name changed to 601 Lexington Avenue

Properties has been talking about changing the name of the Citigroup
Center for almost a year, and just officially renamed the Class A
office building 601 Lexington Avenue. The 59-story property currently
has 45,000 square feet of direct space available, with tenants
including Citibank, Kirkland & Ellis and Merrill Lynch. Jones Lang
LaSalle is exclusively representing Boston Properties in leasing office
space in the building.

Harlem condo developer comps space to non-profit

developer of the new condo development 2280 Frederick Douglass
Boulevard, RSG Holdings, announced it will lease the second-floor
community space in the building to the Jets of Harlem for no rental
fee. The Jets of Harlem is a non-profit children’s
organization that promotes academics and athletics. The developer is
giving the organization 1,400 square feet for 10 years, free of charge.
The building has 89 units with prices between $329,000 and $1.9
million. Occupancy is expected in spring 2010. TRD