Are you interested in buying a piece of Washington Heights and East Harlem?
It’s available now for about $100 million. A portfolio of 19 Washington Heights walk-ups, as well as a condo and two apartment buildings in East Harlem, will hit the market later this week through the brokerage Massey Knakal, a source said. The buildings include 500 apartments and about 12 stores that were given the thrilling portfolio name of “New 118th LLC Portfolio.”
The Ivy Condominium at 2301 Second Avenue, which is between 118th and 119th streets, will be available for about $15 to $16 million, a source said. The Ivy is a newly constructed building with 28 condos, complete with an elevator. Sixteen of those condos are already in contract at prices around $660 per square foot, according to the brochure marketing the condo.
Two apartment buildings nearby, at 234-236 East 118th Street between Second and Third avenues, are available for about $3.5 million total, the source said. The buildings include 20 railroad apartments, a studio and the super’s apartment. (Ahhhh, railroad apartments! Nothing warms the heart quite like walking through your roommate’s room and finding him in a rather, errr, private moment.)
Meanwhile, farther uptown, there are 19 apartment buildings available in Washington Heights for about $80 million, the source said. The apartments are mostly five-story walk-ups and the majority of them are in the West 180’s near Amsterdam Avenue.
The portfolio became available to the crew at Massey Knakal thanks to the misfortune of one Michael Herskowitz, who filed for Chapter 11. Massey Knakal is representing the bankruptcy trustee.