The Real Deal New York

Harlem rental conversion 50% leased in just three weeks

January 28, 2014 12:20PM

The condo-turned-rental building at 220 Saint Nicholas Avenue in central Harlem is halfway leased after three weeks, according to developer Justin Gorjian. 

The 11-story residential property, developed by brothers Justin and Cobby Gorjian of the Gorjian Real Estate Group, underwent foreclosure in 2012. The building was restructured last fall to hold 11 half- and full-floor rental units and two retail spaces. Each unit comes with a private outdoor space, floor-to-ceiling windows and private entry that is accessed by keyed elevators.

Prices range from $3,000 to $8,000 per month for one-, two- and three-bedroom apartments. Two penthouses, one on the ninth floor and another on the 10th, each come with two terraces and 542 square feet of outdoor space. They have not been leased yet.

The Gorjian Real Estate Group is handling marketing in-house. Chaka Smith and Mitchell Simmons of Town Residential have been heading up leasing. — Mark Maurer