Central Park East Apartments, New York, NY Acquired in 2004.
19 East 108th Street (Museum Mile), New York City, NY
HarborView Properties (HVP) acquired this Upper Eastside Manhattan Apartment Building in 2004.
The property is known as Central Park East Apartments and is located at 19 East 108th Street just one block from Fifth Avenue's Museum Row. Central Park East Apartments is a completely renovated apartment building with free-market rental units.
HVP's will oversee the operation and management of the property jointly with its New York partner. According to HVP's Principals, they were drawn to the property in part because the building enjoys a rare free-market rent status due to the fact that it was completely rehabilitated a years ago after a fire.
HVP | Multi-Family
HVP is actively shopping for new acquisitions in the metro New York area including Westchester and Long Island.
At HVP, its main strategy is to locate properties that are under-performing or where there is potential for "adding value" through capital improvements and repositioning. HVP is especially well-versed in owning and operating Rent Stabilized Apartments, which remains at the core of HVP's invesment strategy.
See HVP's current Acquisition and Investment Criteria.