Mixed-use Harlem building hits the market for nearly $30M

Property holds 6,000 square feet of retail, 30,000 square feet of vacant office space

TRD New York /
May 20, 2014 12:35 PM

A six-story Harlem building owned by the Kessner family is on the market for $29 million.

The  145 East 125th Street property, also known as 2071-2083 Lexington Avenue, holds 6,000 square feet of retail space and 30,000 square feet of vacant office space on the upper floors. The Kessners purchased the property 10 years ago for $3.9 million, according to the New York Post.

Adelaide Polsinelli and Marcia Yawitz of commercial brokerage Eastern Consolidated have the listing, which they say is located along a corridor that “has become a kind of main-and-main” lined with national retailers like Gap, H&M and Old Navy. A Whole Foods is also in the works for a Lenox Avenue spot between 124th and 125th streets.

Across the street at 142-96 East 125th Street, Gary Barnett’s Extell Development purchased a 450,000-square-foot site with an additional 300,000 square feet of residential air rights for $39 million. [NYP, 3rd item]Julie Strickland

Related Article

East River Plaza and Blumenfeld Development Group principal David Blumenfeld (Credit: Wikipedia and Blumenfeld Development Group)

Blumenfeld Development Group lands $235M refi for East Harlem retail center

Here’s the latest project headed to rezoned East Harlem

Richman Group lands $189M for massive East Harlem project

They ran a brokerage, now they’re sourcing deals. Why Daun and Peter landed at ABS