Manhattan, NY Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, sold the 29-unit elevator building located in the East Harlem neighborhood for $14.25 million. Meridian vice president, David Benharouch, and managing director, Abie Kassin, represented the seller and procured the buyer.
Located at 238 East 106th St., the brand-new eight-story, 18,860 s/f property features 29 modern residences and nine parking spaces in one of the area’s most rapidly evolving neighborhoods. Constructed in 2016, the elevator building is comprised of one- and two-bedroom units with large windows, glowing hardwood floors, and open-kitchen concepts with Caesarstone counter tops and stainless-steel appliances. Bathrooms include spa-like amenities such as rain shower heads, deep-soaking tubs, and premium finishes. The property features a virtual doorman with video intercom, a modern lobby, a central laundry room, and balconies on all units.
East Harlem features a mix of cultural, historical, and artistic influences. The bustling neighborhood attracts residents attracted to the area’s up-and-coming real estate market and those seeking affordable housing options and a strong sense of community. The property is easily accessible via the 6 subway line at the 103rd St. Station, and the Q train at the 96th St. Station, and is located within walking distance from some of New York’s most notable landmarks, including Museum Mile.