Greystone’s Harlem 125 Rental Development is 50 Percent Leased in Two Months

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

NEW YORK, Aug. 14, 2017 (GLOBE NEWSWIRE) -- Greystone Development, a New York-based real estate development company, today 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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About Greystone Development
Greystone Development is a full-service real estate developer. Since 1992, Greystone has acquired, repositioned and developed over $2 billion in properties nationwide spanning approximately 3.5 million square feet. Our portfolio is diverse, comprised of condominium, rental, office, retail, mixed use and healthcare properties. Greystone Development is currently developing 15 real estate projects in premier markets such as New York, Miami and Palo Alto. For more information, visit Greystone Development is a part of the Greystone group of companies, active in real estate lending, investment and advisory. For more info, visit

About Citi Habitats
As one of New York City’s leading real estate brokerages, Citi Habitats operates nine offices in the boroughs of Manhattan and Brooklyn.  The firm offers a variety of real estate services including existing apartment rentals, townhome, condo, co-op, and investment sales, new development marketing and relocation services.  Citi Habitats is owned and operated by NRT LLC, a subsidiary of Realogy Holdings Corp., a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. For more information, please visit us at


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