Challenge:
Locate a Mixed Use Investment Property

Client:
Private Investor/Seoul, Korea

Desired Location:
Harlem -- Below 125th Street

Purchase Period:
2005

In the spring of 2005, Harlem Lofts, Inc. was retained to locate a mixed use property in the range of 8,000-10,000 square feet. We viewed over 30 properties that were on the market and just as many that were not yet officially listed. We found two buildings which were expired listings from a larger firm based downtown. Both properties had been priced at the top of the market for 2005. It seemed that potential buyers had viewed the individual value of each building, and we suggested that our investor purchase and combine the buildings, as this would create the "highest and best use" for investment purposes.

Harlem Lofts' experience in dealing with historic and landmark properties, as well as the fact that it maintains an in-house construction division, proved to be instrumental in completing the purchase successfully. This investor is available as a reference if you are considering Harlem Lofts, Inc. to assist you with purchasing a townhouse or condominium in Harlem.