-- Asking price of $17.1 million for 20-unit, ±24,655 square-foot, property at 308 East 109^th Street between First and Second Avenues in East Harlem --

Eastern Consolidated has been retained as the exclusive agent to sell a 20-unit, ±24,655 square-foot, luxury apartment building at 308 East 109^th Street between First and Second Avenues in East Harlem. The asking price is $17.1 million for the eight-story elevator property, which also includes a ground floor retail space.

Exclusive broker Lev Kimyagarov, Senior Director, is marketing the building, and Alex Huang is the analyst for the offering.

“This property presents investors with the opportunity to acquire an exceptionally well-located multifamily asset in Manhattan,” Kimyagarov said. “The building features luxury amenities including a large rooftop terrace and superb views of the Manhattan skyline.”

Additional amenities include a fitness center, bicycle storage, self-storage units, and the famous Dear Mama Café, which occupies the retail space on the ground floor. Of the 20 residential units, 13 are one-bedroom apartments and seven are three-bedroom apartments.

The building has excellent access to public transportation with the Lexington Avenue subway line a five-minute walk from the property.

Additionally, 308 East 109^th Street is near Central Park, the Museum of the City of New York, and prime shopping areas including East River Plaza, La Marqueta Crossroad, and 125th Street. The property also is surrounded by many famous restaurants and trendy wine bars such as Ricardo Steak House, Rao’s Italian fine dining, ABV, and Camaradas El Barrio.

Eastern Consolidated

Powered by a highly skilled team of 100 brokers with a fluency in 15 languages, Eastern Consolidated is one of the country’s preeminent full-service commercial real estate firms. Through three core divisions—Investment Sales, Capital Advisory, and Retail Leasing—Eastern Consolidated serves an impressive roster of international and domestic institutional and private investors on real estate transactions of all sizes and across all property types. For more information, visit www.easternconsolidated.com and follow us on Twitter @EasternConsol.