News: Brokerage

LichtensteinRE retained to sell The Sycamore Court, a $50 million elevator building in North West Bronx

LichtensteinRE has been retained on an exclusive basis to sell a mixed used apartment building located at 3050 Corlear Ave. The seller's asking price is firm at $50 million. The property, a seven story luxury doorman elevator building, was just built in 2009. It has 89,600 total usable s/f and it is located at the corner of Corlear Avenue and West 231st Street in the Kingsbridge/Riverdale area. This building has 63 residential apartments consisting of 50,788 usable s/f containing 9 studios, 18 one bedrooms, 31 two bedrooms and 4 three bedrooms. 13 of which have usable exterior terraces The property includes great amenities like 24 hour doorman, an exercise gym, a rooftop recreation sun deck and garden. Additionally, there are 4,402 s/f of street level retail space and 16,060 s/f of 2nd and 3rd floor medical office spaces. The commercial units include a radiology center equipped with X-ray, CAT scan, MRI and ultrasound services. There are also physical therapy, orthopedic and pediatric practices. Andrew Lichtenstein says, "Based on the packed waiting rooms, this location is quickly becoming known by surrounding communities to be the area's newest and most sought after location for patients for its convenience, clean, spacious facilities and highest quality medical care." Finally, there are 15,000 s/f of interior parking for 75 to 82 cars and onsite parking spaces for commercial tenants in the rear. "Developers used top of the line materials in this luxurious building that could be converted to condos in the future," said Lichtenstein, the exclusive broker for this property. The building is next to public transportation, the subway station serving the 1 Train going to Manhattan and the busy Shopping Kingsbridge District on Broadway. The Sycamore Court property is being marketed exclusively by Andrew Lichtenstein from LichtensteinRE.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their