L+M Development Partners and a co-owner of Red Rooster Harlem shelled out $21 million for the soul food restaurant’s home — a three-story office building owned by the National Basketball Players Association.
Red Rooster Harlem occupies part of the ground floor at the 24,600-square-foot property, located at 310 Lenox Avenue between West 125th and 126th streets.
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L+M and another company, Chapman Consulting, purchased the building for $21 million, according to property records filed with the city last week. The soul food restaurant is co-owned by Chef Marcus Samuelsson and Andrew Chapman. Chapman is a partner at his family’s real estate investment firm, which appears to be the co-buyer.
The Commercial Observer was the first to report that Red Rooster purchased the building, but didn’t mention L+M’s role in the deal.