New East Harlem Luxury Rental Development Launches

ACUITY CAPITAL PARTNERS LAUNCHES OPENING OF 90-UNIT RESIDENTIAL LUXURY RENTAL DEVELOPMENT IN EAST HARLEM: EAST RIVER LOFTS
--The East Harlem development has begun leasing this month —

(New York, NY April 1, 2021) -Acuity Capital Partners www.acuityCP.com, which features a robust portfolio serving the rental segments throughout Manhattan, have just launched its latest project: East River Lofts https://www.eastriverlofts.com, located at 340 East 117th Street.
A partnership between Acuity Capital Partners and Issac & Stern Architects has produced 90 loft-style units ranging from studios to two-bedroom units, from 466 square feet to 865 square feet. The project offers select units which include private outdoor spaces such as terraces or balconies with pricing ranges from $2200 to $3700. The building is composed of 27 studios, 51 one-bedrooms and 12 two-bedroom units.
Apartment features include: kitchen featuring stainless steel appliances, including dishwashers, in-unit video intercoms and in-unit washers and dryers.

The nine-story, virtual doorman building features include: two landscaped roof decks with city skyline views, a state-of-the-art fitness center, onsite parking, bike storage and thoughtfully designed residents’ lounge. East River Lofts also offer a convenient location just blocks from the 6 train and East River Plaza.

The building boasts a rich history: Once a Harlem schoolhouse (PS 85 built in 1906) the building began construction in 2014 and the developer has taken care to keep the integrity of the building intact, offering a tribute to Harlem and the building’s rich history. To wit: common areas are complemented by the historic high ceilings and details of the time.

Of the historical renovation project, Elliot Neumann, COO, Acuity Capital Partners, explains: “The design and development team restored Harlem history and created a bold new landmark for the First Avenue skyline, and the building exceeds expectations.”

For leasing info: Leasing@bridgelinepm.com, 917-924-5964. Available units can be viewed here: www.eastriverlofts.com


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About Acuity Capital Partners: www.acuityCP.com is a boutique real estate private equity firm that provides access to proprietary investment opportunities in commercial real estate. Our team has been stewarding investments for wealthy individuals and families for over 30 years. As a private equity real estate firm, our goal is to help investors build long-term wealth and passive income streams through a diversified offering of value-add multifamily properties. Our current focus is on multi-family investment properties of 200 units or more. We prefer value-add, Class B/C properties, work-force housing in the southeastern and midwestern markets. We partner with other experienced sponsors and collectively own over 2,000 units – valued at over $150 million.

PRESS CONTACT:

Kelly Kreth, Kreth Communications, KellyKreth@hotmail.com