NYC real estate in brief

New York /
Jun.June 16, 2009 03:34 PM

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

Boston
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

The
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


Related Articles

arrow_forward_ios
From left: Camber Property Group principals Rick Gropper, Andrew Moelis, Harlem Congregation for Community Improvement president Malcolm Punter and 104-110 West 144th Street in Harlem (Photos via Camber, Harlem Congregation, Ariel Property Advisors)
Affordable housing developer Camber Property buys 60-unit Harlem complex
Affordable housing developer Camber Property buys 60-unit Harlem complex
Boston Properties CEO Owen Thomas (Thomas by Axel Dupeux, iStock)
Work-from-home threat “overstated,” Boston Properties CEO says
Work-from-home threat “overstated,” Boston Properties CEO says
Bill Shanahan and Darcy Stacom (Getty)
CBRE nabs REBNY’s top two “ingenious deal” awards
CBRE nabs REBNY’s top two “ingenious deal” awards
Gotham Organization Chairman Joel Picket with the proposed development at 130 Felix Street. (Getty, 130 Felix)
These projects just beat the rezoning deadline
These projects just beat the rezoning deadline
2033 Fifth Avenue with National Black Theater CEO Sade Lythcott and Dasha Zhukova (Google Maps, Luxigon, Getty)
Harlem’s National Black Theater revives $185M project
Harlem’s National Black Theater revives $185M project
Boston Properties CEO Owen Thomas and 360 Park Ave South (Thomas by Axel Dupeux, 360 Park Ave South via CBRE)
Boston Properties to acquire 360 Park Ave South ground lease
Boston Properties to acquire 360 Park Ave South ground lease
1325 Sixth Avenue and 10 Jay Street (Paramount Group, ODA)
Manhattan’s sublease glut may be coming to an end
Manhattan’s sublease glut may be coming to an end
Project Renewal CEO Eric Rosenbaum, Attorney Adam Leitman Bailey and 27 West 11th Street. (Google Maps, Facebook via Project Renewal, Bailey)
Greenwich Village site eyed for shelter has asbestos issues: lawsuit
Greenwich Village site eyed for shelter has asbestos issues: lawsuit
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...