News: Owners Developers & Managers

AFC Realty Capital's 2056 Fifth Avenue welcomes first residents

The first residents are set to begin moving into 2056 Fifth Avenue, the new luxury condominium residence created in a historic Beaux Arts building in New York City's Harlem. With closings scheduled throughout the summer, 2056 Fifth Avenue is poised to quickly fulfill its promise of becoming a unique and sought-after residential address in this celebrated New York City neighborhood. "2056 Fifth Avenue has captured a niche in the marketplace by offering buyers a distinctive alternative to what is commonly found in the area," said Jessica Armstead of The Corcoran Group, the building's exclusive sales and marketing agent. "The building's former use as a church has allowed us to create a unique living experience highlighted by magnificently renovated residences with loft-like interior spaces, soaring ceilings and oversized windows, an incredible vaulted lobby and a residents-only landscaped courtyard. The result is a best-of-both-worlds scenario that combines old world charm with modern amenities and features." Situated along one of New York City's most recognizable Avenues, the upscale Rhapsody on Fifth condominium building is a collection of duplex, garden and penthouse homes. Located on the top floor of 2056 Fifth Avenue, the penthouse homes boast large, floor-to-ceiling windows - easily blending the charm of the historic Harlem surroundings with the allure of their modern and well-appointed interiors - and an abundance of outdoor space to provide exceptionally dramatic views stretching from Yankee Stadium to the George Washington Bridge. To create its unique living environment, the developer of 2056 Fifth Avenue has carefully maintained the building's brick and limestone exterior facades to sustain one of the most beautifully detailed structures remaining in New York City today. Inside, a complete rehabilitation will create luxurious condominium spaces lined with the latest in fine appointments and upscale amenities.
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Columns and Thought Leadership
The CRE content gap: Why owners and brokers need better digital narratives in 2026 - by Kimberly Zar Bloorian

The CRE content gap: Why owners and brokers need better digital narratives in 2026 - by Kimberly Zar Bloorian

As we head into 2026, one thing is clear: deals aren’t won by who has the best asset; they’re won by who presents it best. Yet many owners, operators, and brokers are entering the new year with outdated photos, inconsistent branding, and limited digital presence. This
Strategies for turning around COVID-distressed properties - by Carmelo Milio

Strategies for turning around COVID-distressed properties - by Carmelo Milio

Due to the ongoing pandemic, many landlords are faced with an increasing number of distressed properties. The dramatic increase in unemployment and reduction in income for so many has led to a mass exodus out of Manhattan, an increase in the number of empty rental units