Harlem 125, Harlem’s Newest Rental, Surpasses 75 Percent Leased

69 East 125th Street offers irresistible homes attracting residents from near and far

New York, New York, UNITED STATES

NEW YORK, Dec. 04, 2017 (GLOBE NEWSWIRE) -- Greystone Development, a New York-based real estate development company, today announced that its newly-opened building, Harlem 125, is over 75 percent leased. Dave Maundrell of Citi Habitats is the exclusive leasing agent for the property.  

Located at 69 East 125th Street, Harlem 125 brings 75 residences to the heart of Harlem. Envisioned by Kutnicki Bernstein Architects with interiors designed by Lauren Williams of Lauren Jayne Design, the two-tower development has one-, two- and three-bedroom homes – boasting incredible light and air – for immediate move-in and net effective rents starting at $2500.

The speedy lease-up can be attributed to delivering a product that resonates with the market, attracting residents from near and far. For the active person-on-the-go, the property offers both bicycle storage and car parking, as well as close proximity to the subway and Metro North train station, and a high-design gym outfitted with a boxing station and outdoor space.  

For the prospective resident desiring a quintessential Harlem cityscape, the North building offers views of streets lined with trees and townhomes. For the person who wants the entire building to feel like an extension of their home, Harlem 125 boasts a meticulously designed, thoughtfully appointed lobby with reclaimed wood, white brick and concrete inspired floors, a furnished courtyard and roof top for relaxing or entertaining. Additionally, 14 original Harlem-inspired murals by local artist Lance Johnson adorn the hallways throughout. Other features include a virtual doorman, laundry room, resident storage and security.

“Harlem 125 has successfully filled a need for quality housing in this uptown market, and has received a great amount of interest from the community,” said Jeffrey Simpson, Head of Greystone Development. “With the growth of East Harlem’s 125th Street corridor, we are excited to be a part of the vibrancy and resurgence of the neighborhood.”

The property boasts 5,600 square feet of ground floor retail along 125th Street, with nearly half leased to the Metropolitan Transportation Authority (MTA) for its newest 2nd Avenue subway community information center. This prime location is within close proximity to several public transportation options, green space, highly-acclaimed restaurants and retail, including the recently-opened Whole Foods on Lenox Avenue.

For more information, visit www.harlem125nyc.com.

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 real estate projects in premier markets such as New York, Miami and San Francisco. For more information, visit www.greystonedevelopment.com. Greystone Development is a part of the Greystone group of companies, active in real estate lending, investment and advisory.

Karen Marotta