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.