Meridian Investment Sales Sell Building In Harlem

April 17, 2018

New York Real Estate Journal reports that Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, sold the 29-unit elevator building located in the East Harlem neighborhood for $14.25 million. Meridian vice president, David Benharouch (left), and managing director, Abie Kassin (right), represented the seller and procured the buyer.

Located at 238 East 106th St., the brand-new eight-story, 18,860 s/f property features 29 modern residences and nine parking spaces in one of the area’s most rapidly evolving neighborhoods. Constructed in 2016, the elevator building is comprised of one- and two-bedroom units with large windows, glowing hardwood floors, and open-kitchen concepts with Caesarstone counter tops and stainless-steel appliances. Bathrooms include spa-like amenities such as rain shower heads, deep-soaking tubs, and premium finishes. The property features a virtual doorman with video intercom, a modern lobby, a central laundry room, and balconies on all units.

East Harlem features a mix of cultural, historical, and artistic influences. The bustling neighborhood attracts residents attracted to the area’s up-and-coming real estate market and those seeking affordable housing options and a strong sense of community. The property is easily accessible via the 6 subway line at the 103rd St. Station, and the Q train at the 96th St. Station, and is located within walking distance from some of New York’s most notable landmarks, including Museum Mile.

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