Locally-based Eastern Consolidated Properties Inc. represented both sides in the transaction. Heidi Burkhart, associate broker, represented the seller and Roberto F. Ortiz, director, represented the purchaser.
"Interest in Harlem is at an all-time high" Eastern's chairman Peter Hauspurg tells GlobeSt.com, adding that once a property come up, intense interest is exhibited by potential buyers. He also notes that, unlike on the East Side where housing was constructed in a tenement-form, properties in Harlem were constructed in a "spectacular, grand nature." He labeled Harlem the last expansion area in New York City.
Additional property sales arranged by Eastern include the $4.5 million sale of 52-54 Cooper Square. The property is a retail condominium located on the West Side of Third Avenue at Astor Place and East Fourth Street, near New York University, Cooper Union and the Joseph Papp Public Theater. Next door is the planned development of a luxury apartment building on land owned by Cooper Union.
The space is currently occupied by Web2Zone, a subsidiary of Samsung America containing 4,503 sf on the ground level and 4,503 sf of basement retail. Eric Michael Anton and Ronald Solarz, senior directors of Eastern Consolidated, represented the seller--the converter of the building and Azita Aghravi, also a senior director at Eastern procured the purchaser, the building developer.
A six-story, 10-unit, walk-up turn-of-century brownstone with more than 7,300 gross sf at 42 West 96th St. for nearly $2.8 million. The property recently underwent a complete high quality renovation to the entrance foyer, the parlor floor with outside garden, and the lower level office suite with own entrance. George Moss, director of Eastern exclusively represented the seller, the Kash Group.
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