Eastern Consolidated, a leading investment sales brokerage firm, has arranged the sale of two walk-up residential rental properties, 121 and 146 West 120th St. in Harlem, for $3.285 million. Eastern Consolidated represented the seller, 121 West 120th Street LLC and 146 West 120th Street LLC. The buyer was not disclosed.
Located between Malcolm X Blvd. and Adam Clayton Powell Blvd., the three-story walk-up brownstones are directly across the street from one another, one block from Marcus Garvey Park and just a few blocks from shopping and transportation on both 116th and 125th Sts. The buildings contain a combined total of approximately 9,270 s/f.
"These are beautiful brownstones in a thriving neighborhood," said Ronda Rogovin, a senior director with Eastern Consolidated, who along with associate director Chad Sinsheimer, represented the seller. "Harlem is on the rise, and the apartment units are more in demand than ever."
The two buildings each contain eight apartments. Of the units, 11 apartments are rent stabilized with an average monthly rent of $1,232, and five apartment are free market, with an average monthly rent of $1,367.
The seller was represented by Glenn Schlesinger, Esq. of Suckle Schlesinger LLC while the purchaser was represented by Robert Gumenick of the Law Office of Robert Gumenick. Tags: