According to Steven A. Kirschenbaum, who directed the development advisory assignment, “The investment group acquired 2 vacant Harlem brownstones at 318 and 320 West 115th Street in the Morningside section of Harlem, NY. The project included the combination, gut renovation and enlargement of the brownstones to create 6 individual condominium, floor-thru units. The project includes solid hardwood maple floors, stone and marble luxury finishes, and high end, Miele and Viking stainless steel appliances, individual storage units, a gym and outdoor space accessible by all of the apartment units. Selling prices of the 6 sold apartment units reached $1,344 per square foot.
Madison Advisory Group LLC, founded in 2006, is a New York City-based commercial real estate advisory firm. Steven A. Kirschenbaum works with private owners and investors to acquire, finance, and develop real estate investments, principally in the New York City area.