The Real Deal New York

In Harlem, the Jerome hits the market for $16M

August 07, 2012 01:00PM

A 39-unit Central Harlem apartment complex that includes five retail spaces has hit the market with an asking price of $16 million, according to a statement released today from Eastern Consolidated, which has been retained to market the building.

The Jerome, a seven-story pre-war rental building, at 213-219 West 116th Street, has 25 rent-stabilized units and is 100 percent occupied.

Ronda Rogovin and her daughter Jamie Rogovin of Eastern are the listing brokers, the statement said. The building’s lobby has been renovated and the retail tenants have 5 percent increases each year stipulated in their leases, the Rogovins noted.

Current retail tenants include a pharmacy, a market, a video store, a furniture store and a cafe.

The seller, Ilana Kochen, bought the property in 1998, according to city records. — Guelda Voien