In a news release issued today, Jasper Venture Group announced it has purchased a five-story, ten unit low-rise apartment building in Harlem for rental redevelopment.
The property, located at 364 West 119th Street, is in Morningside Heights neighborhood adjacent to Morningside Park and Columbia University. The location offers proximity to nearby Harlem restaurants, nightlife, and mass transit.
According to the news release, the brick row house was originally built in 1910, and its facade retains desirable original architectural features, including ornate ironwork and stonework.
Construction will begin in April, 2014.
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Another apartment building in Central Harlem has been renovated and is now on the market for sale. The last building we talked about was on 115th Street and FDB. This week we learn that the seven-story, mixed-use property located on the corner of West 112th Street and Frederick Douglass Blvd (2070 Frederick Douglass Boulevard) is for sale through Eastern Consolidated for $9.75 million.
According to a news release, Eastern Consolidated “is marketing the recently-renovated 15,000-square-foot elevator apartment building in Harlem, which was gut renovated and with new construction of the two top floors in 2007- consists of 16 units, which are mostly two and three bedroom units, as well as two retail stores on the ground floor.”
Interested in more information about acquiring the property? Contact Adelaide Polsinelli at Eastern’s Midtown offices at 212 499-7700.
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