East Harlem Demonstrates Strong Rental Market with High Interest in New Residences on 125th Street

AUGUST 14, 2017 — Greystone Development announced that Harlem 125, a new rental development located at 69 East 125th Street in East Harlem, is over 50 percent leased in less than two months. Dave Maundrell of Citi Habitats is the exclusive leasing agent.

Designed by Kutnicki Bernstein Architects, the development comprises two adjoining towers, a boutique seven-story tower along 126th street and a 12-story tower fronting 125th street yielding 75 new residences in total. The new residences range from studios to three-bedroom units, with many offering outdoor space. The interiors and finishes, designed by Lauren Williams of Lauren Jayne Designs, leverage refined industrial materials fused with contemporary elements. The building also features 12 original artworks by celebrated local artist Lance Johnson. Additionally, residents can enjoy numerous amenities, including a furnished rooftop terrace and courtyard, virtual doorman, parking garage, fitness center with outdoor space, bicycle storage, laundry room, resident storage and security. Prices for available units start at $1,995.

“We wanted to offer a product that was, up until now, absent in this marketplace. And with leasing reaching 50% in less than two months, this only affirms our belief that Harlem is a very desirable and highly sought-after residential neighborhood,” said Jeffrey Simpson, Head of Greystone Development.

Located along the bustling 125th Street corridor of Harlem, this prime location is within walking distance of multiple transportation options, green space, highly acclaimed restaurants, retail and several other new developments, including the newly-opened Whole Foods on Lenox Avenue.

“East Harlem has seen a renewed interest in recent months. The neighborhood’s historic brownstones and wide sidewalks, exciting new developments and retail offering combined with competitive pricing are drawing a wide variety of residents to this neighborhood,” said Maundrell.

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