News: Brokerage

Dancy Power Automotive Grp. takes 11,200 s/f at Lenox Condominium

Residents living at The Lenox Condominium can take the elevator to the lobby of their Harlem condominium if they want to buy a Maserati, Lamborghini, Ferrari or Mercedes. The Dancy Power Automotive Group has signed a 10-year, 11,200 s/f lease with Uptown Partners Developers for prime retail space at the high end condominium at 129th and Lenox Ave. Macky Dancy, the dealership's owner, has paid $50 per s/f for the space that includes a ground-floor showroom for his new and used cars. Dancy also plans to have a full service café inside the dealership. Dancy is based out of Valley Stream Long Island. For his move to Harlem, he partnered with Tyrone Hill and Rick Caplan, owner of Power Motor Cars Co., a dealership based in Greenvale, Long Island. "This is the kind of exotic, upscale car dealership that one would find on the Upper East Side, but now it's coming to Harlem,'' said Lenox developer Lew Futterman of Uptown Partners. There were no brokers involved in the transaction.
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