Sales Beat

Lehman’s Dunbar Manor Residential Portfolio Sells for $139 M.

The Dunbar Manor apartment complex, marketed by Massey Knakal

Massey Knakal Realty Services has arranged the $139 million sale of a portfolio that includes the Dunbar Manor apartment complex in West Harlem, The Commercial Observer has learned.

The monster residential portfolio, which consists of 1,084 units across 15 properties located throughout Northern Manhattan and the Upper West Side, generated what brokers called a “storm Read More

Lease Beat

Historic Lenox Lounge in Harlem Set to Reopen at 333 Lenox Avenue

Lenoxlounge

The owner of the old Lenox Lounge in Harlem has signed a 15-year lease on a new beginning at 333 Lenox Avenue.

The renowned Harlem jazz club, founded in 1939, is set to reopen sometime this summer after owner Alvin Reed was forced to move from the club’s neighborhood staple just two blocks away at 288 Lenox Avenue, due to an insurmountable rent increase.

The original location was host to performances by jazz greats including Billie HolidayMiles Davis, and John Coltrane. Read More