Adelaide Polsinelli, Vice Chairman of Compass, a publicly traded, technology-driven, real estate platform, has been exclusively retained to market for sale a package of multifamily buildings in West Harlem. The buildings are ideally located just north of Central Park, with easy access to all transportation.
The properties contain approximately 45,000 square feet and 56 large apartments. The buildings consist over of 150’ of generous frontage. With a low average rent of under $1200 per month, and a substantial amount of in place development rights, the package offers excellent value, on many levels.
The area has been booming with new condominium development and an influx of student population. The new residential developments sprouting up in every direction are a magnet for attracting bright new talent to the area. Strong local demand can be seen in the surrounding area’s tight vacancy rate. Rents in the area have exceeded their pre-pandemic rates. The population of new renters searching for valuehas grown significantly.
“This package offers buyers a steady investment with consistent, long-term, cash flow,” Polsinelli commented. “The property will be sold for far less than replacement value” Polsinelli added.
“For any investor seeking a once in a cycle opportunity to build generational wealth, this is the perfect deal,” concluded Polsinelli.
About Polsinelli: With over 30 years of experience, Polsinelli has sold over 1,600 properties, valued at over $40 billion in every asset class including multifamily, retail, office, development, note sales, air rights, partnership interests, unsold shares and retail condos. She has sold over $1.5 billion in the last few years, spanning NYC, Miami, Boston, Chicago and most of the northeast corridor. Prior to joining Compass, she was a Principal at the now defunct, Eastern Consolidated.
About Compass: is a technology-driven real estate platform dedicated to creating a seamless and intelligent buying, selling, and leasing experience. Combining the country’s top agents, proprietary market insights, and integrated mobile and web technologies, Compass is developing the future of real estate decision-making. With $1.95 Billion in revenue, and $77 Billion in sales volume, Compass has 238 offices with locations in 122 markets, including New York City, Washington DC, Boston, Miami, Los Angeles, Santa Barbara, the Hamptons, and Aspen. New funding fuels international expansion, enhanced technology developments for agents and consumers. Compass was founded by Ori Allon, who sold two previous companies to Google and Twitter, and business partner Robert Reffkin, a former White House Fellow and Chief of Staff to Goldman Sachs’ President & COO.
