GREA arranged the sale of the Harlem River Point Portfolio, an affordable housing portfolio comprised of two elevator buildings with 315 units in East Harlem. The properties traded for a total of $55.6 million.
The team was led by Victor Sozio, Founding Partner; Shimon Shkury, President and Founder; Alexander Taic, Director; Jake Brody, Associate Director; and Remi Mandell, Director represented the seller in the transaction.
The affordable housing buildings span a full riverfront block:
- Harlem River Point North—Built in 2015, the 179,616-square-foot 11-story mixed-use building at 1951 Park Avenue includes 173 residential units and two commercial units.
- Harlem River Point South—Built in 2014, the 128,640-square-foot, 14-story multifamily building at 200 East 131st Street includes 140 residential units.
The buildings are governed by regulatory agreements and offer numerous onsite amenities for tenants including a gym, laundry, bike storage and a playground.
For more information about the area’s investment sales market, please see the Northen Manhattan 2025 Mid-Year Sales Report.