Ariel Property Advisors lists prime piece of real estate along Harlem’s bustling corridor

Source: NY Daily News

This might be a developer’s dream. A prime piece of real estate directly across from the historic Apollo Theater is up for grabs on Harlem’s booming 125th St. corridor. The owners of 256 W. 125th St. Realty have enlisted Ariel Property Advisors to lease a block-through property that includes the site of the early 20th century Pabst Harlem restaurant. “The goal is to get the right fit for the property,” said agent Shimon Shkury, noting that the building could be developed for a combination of commercial and residential uses. Under the 99-year lease, developers could build up to 100,000 square feet if they included affordable housing. There are also 15,000 square feet of usable space in the basement. Read full story

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