Following completion of a major redevelopment and repositioning, one of the most significant and storied office buildings in Harlem — the Corn Exchange Building — has been brought to market for lease by Colliers International. The landmarked property from Harlem-based owner/developer Artimus is poised to become a catalyst for economic development in the area.
The seven-story, 35,000-square-foot brick clad building — located at 81-85 East 125th Street and Park Avenue — is one of the most architecturally distinct structures in the neighborhood and among the most desirable Harlem destinations. The property includes 10,000 square feet of retail and 25,000 – 30,000 square feet of boutique office space.
The Corn Exchange Building comes with a private entrance, a roof deck with spectacular views on the penthouse floor.
Originally constructed in 1883 as headquarters of the Mount Morris Bank, the Queen Anne-style building was taken over in 1913 by the Corn Exchange Bank. But as the decades went on the building fell into severe disrepair.
The property was recently redeveloped by Artimus, which rebuilt the landmarked asset with virtually column-free space, open ceilings, and a large roof-top terrace. The owners even installed geothermal heated sidewalks, a first for commercial properties in Harlem.
In close proximity to restaurants, shopping, and steps away from the 125th Street Metro North Station, the Corn Exchange Building is easily accessible from Midtown Manhattan, White Plains, Stamford, Westchester, and minutes away from LaGuardia and JFK airports.
The Colliers International agency Executive Managing Director Eric Yarbro also addressed the Corn Exchange Building assignment as an expansion of his practice in the community. “This property further emboldens my efforts to do more business in Harlem, where I am a resident and particularly active,” he explained. “Harlem is in the midst of a Renaissance, ripe with opportunity. We anticipate considerable activity at the Corn Exchange Building, with an abundance of high-caliber tenants vying for space.”