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West Harlem Retail Condos – Commercial Acquisition

Hirshmark Capital, through an affiliate entity, is proud to announce the $6,000,000 purchase of 4 retail condos in the West Harlem neighborhood of Manhattan. 2131 Frederick Douglass Blvd contains a garage and 3 street level retail condos, which total over 5,000 SF and 200 feet of wraparound frontage. The property is on the same block as the 116th Street B and C trains. Hirshmark purchased the asset, at a going in 4.5% capitalization rate, with 3 under market tenants, allowing for upside in the next few years. This is yet another example of our aggressive appetite in acquiring well trafficked and unique commercial properties throughout NYC.

Mar 2019