(Read more on the multifamily market.)
NEW YORK CITY-Aaron Jungreis, president of investment sales atGFI Realty Services Inc. and Matthew Sparks, the firm's seniormanaging director, sold three, six-story elevator HUD, Section 8,buildings in the Morningside Heights section of Harlem for $16.5million. The three buildings, located at 1871-73 Adam ClaytonPowell Blvd., 107-113 W. 109th St., and 124 W. 114th St., consistof 111 units in total, including one store and one office, and arelocated only two blocks from Central Park.
"Although this type of deal can often be difficult logistically,at GFI we have vast experience transacting properties withgovernment subsidies," says Aaron Jungreis. "We are knowledgeableof the stipulations involved, enabling us to complete these dealsas quickly and efficiently as possible."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
