Eastern Consolidated markets 665-667 Lenox Avenue for $3.8 million

Eastern Consolidated, a leading investment sales brokerage firm, has been retained as the exclusive agent to market for sale a six-story, mixed-use residential and commercial building at 665-667 Lenox Ave., also known as 101 West 143rd St. A bankruptcy auction sale for the 20,580 s/f, corner building is scheduled for April 18, 2014. Bidding will start at $3.850 million with no contingencies and qualified bidders must be registered at least three business days prior to the auction. The walk-up building is comprised of 20 apartment units - including 11 three-bedrooms, eight two-bedrooms, and one four-bedroom - and six commercial units located on the street level. "This Central Harlem property has significant upside potential and a mix of large apartments, which are in demand in this growing neighborhood," said Matthew Sparks, Senior Director with Eastern Consolidated, who exclusively represents the seller. "It's a unique opportunity for pre-qualified bidders to get in on an investment property in a neighborhood that will continue to see positive growth." The Property is conveniently located across from the Colonel Charles Young Playground, a few blocks from the City College of New York, and just two blocks from the No. 3 subway line as well as the M1, M7 and M102 bus stops. Crosstown bus service to the west side of Manhattan and the Bronx is available via the Bx9 line at Lenox Ave. and 145th St.