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Home » Housing » US Real Estate » Luxury Real Estate » East Harlem's Luxurious CL Tower Sees 20% Leased in 14 Days

East Harlem's Luxurious CL Tower Sees 20% Leased in 14 Days

By Allison Halliday | July 23, 2011
  • Leasing at East Harlem’s CL Tower began just two weeks ago, but units are being snapped up fast, with 20% already rented. This new 60 unit, twelve storey residential building in East Harlem offers affordable luxury in a dynamic uptown neighborhood.

    CL Tower Studio Apartment
    Studio apartment at CL Tower, East Harlem.

    Asher Alcobi, founder of Peter Ashe Real Estate, the brokerage firm for CL Tower says "We are seeing young, trend setting renters, including students and professionals, who want to get more bang for their buck and realize what a desirable offer this is.”

    Jesse Barton, the on-site leasing agent added that many of the units were being leased to doctors and nurse practitioners due to the close proximity to many of Manhattan's medical institutions.

    The building has a selection of studios and one bedroom apartments, with more than 20 different floor plans to choose from. Amenities include a residents lounge, state-of-the-art gym, laundry, bike storage rooms and a gorgeous rooftop terrace giving stunning views of the eastern shore of Manhattan. All the units have custom wood cabinets, stainless steel appliances and granite countertops. In addition to the large windows most units have small, private balconies.

    CL Tower kitchen's CL Tower
    East Harlem's CL Tower really is affordable priced luxury, evidenced by sales of 20% of its units so far

    Haim Levy, of Cohen and Levy Development Group LLC, which completed the building earlier this year says "This is the perfect opportunity for young renters. Many look to Brooklyn for hip and affordable New York City living and fail to realise what an interesting and ideal location East Harlem is."

    East Harlem is rich in history and culturally diverse, and is currently one of the hottest destinations in Manhattan for both residential and commercial developers. The neighbourhood is quickly becoming renowned for its retail and dining, and CL Tower is just a few blocks from the rapidly growing restaurant row of First Avenue. East River Plaza is just a 10 minute walk away, and this retail mecca has the only Costco and Target in Manhattan, in addition to a host of other well-known names.

    It's a quick commute to Wall Street, midtown and points north of the city, and studios start at just $1450 a month. Renter incentives, including half a month free will ensure that these units don't hang around for long.

    Allison Halliday is a Realty Biz News contributing writer. She handles International Real Estate and is a seasoned blogger.
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