Press Release brought to you by LichtensteinRE

LichtensteinRE has been retained to sell The Sycamore Court, a Luxurious $50,000,000 Luxury Elevator Building in North West B


Riverdale, New York. (May 5th, 2014)  LichtensteinRE has been retained on an exclusive basis to sell a mixed used apartment building located at 3050 Corlear Avenue, Bronx. The seller’s asking price is firm at $50,000,000.

The property, a seven story luxury doorman elevator building, was just built in 2009.  It has 89,600 total usable square feet and it is located at the corner of Corlear Avenue and West 231st Street in the Kingsbridge/Riverdale area.  This building has 63 residential apartments consisting of 50,788 usable square feet containing 9 studios, 18 one bedrooms, 31 two bedrooms and 4 three bedrooms. 13 of which have usable exterior terraces

The property has great amenities including 24 hour doorman, an exercise gym, a rooftop recreation sun deck and garden.

Additionally, there are 4,402 square feet of street level retail space and 16,060 square feet of 2nd and 3rd floor medical office spaces. The commercial units include a radiology center equipped with X-ray, CAT scan, MRI and ultrasound services. There are also physical therapy, orthopedic and pediatric practices. Andrew Lichtenstein says, “Based on the packed waiting rooms, this location is quickly becoming known by surrounding communities to be the area’s newest and most sought after location for patients for its convenience, clean, spacious facilities and highest quality medical care.”

Finally, there are 15,000 square feet of interior parking for 75 to 82 cars and onsite parking spaces for commercial tenants in the rear.

“Developers used top of the line materials in these luxurious apartments. The building could be converted to condos in the future”, say Andrew Lichtenstein, the exclusive broker for this property.

The building is next to public transportation, the subway station serving the 1 Train going to Manhattan and the busy Shopping Kingsbridge District on Broadway.

 The Sycamore Court property is being marketed exclusively by Andrew Lichtenstein from LichtensteinRE.

LichtensteinRE has been actively selling multifamily property for its clients in and around New York City.


About LichtensteinRE

LichtensteinRE specializes in the exclusive sales of multifamily and mixed use commercial real estate properties in New York City’s 5 boroughs. LichtensteinRE is a full service Commercial Real Estate Sales, Financing and Advisory Service Boutique based in New York City, the financial capital of the world. LichtensteinRE’s proven experience, track record, financing ability, exclusive buyers and connections with tens of thousands of property owners assures their selling clients the best possible price when a landlord owner wants to sell their property.

DoctorMortgage, which is LichtensteinRE’s financing division, has been a leader in commercial real estate mortgage debt financing since 1991. DoctorMortgage is able to negotiate and facilitate financing to deliver the best price, leverage and return on investment possible.

LichtensteinRE’s greatest ability is creativity and problem solving. After selling the owner’s property, LichtensteinRE has assisted successful sellers in locating replacement 1031 tax deferred exchanges and in some cases has more than doubled the seller’s net income post-closing. To learn more contact Andrew Lichtenstein at (800) 242-9888  or




05/06/2014 - 11:31



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