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PRESS RELEASE: An Appetite for Harlem Apartments

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Published by: New York Times

“Renters can look into 92 Morningside, a building that was gutted to make room for high-end units, but retained its original Beaux-Arts facade. Monthly rent for a one-bedroom starts at around $3,000; a 2,400-square-foot, four-bedroom penthouse duplex will be listed at $15,000 a month, a record high for a rental in an apartment north of 110th Street, according to Mr. Krantz.

About 40 percent of the units have already been rented and residents are expected to move in by the end of September.”

ABOUT JACOBS REAL ESTATE ADVISORS COMPANY

Jacobs Real Estate Advisors, a New York-based real estate investment firm is renowned for its portfolio of above market performing properties as well as its active management techniques. The company’s growing portfolio includes hotel and commercial properties throughout the United States. Jacobs is best known for its family values and its commitment to investors. JREA Management is the management arm for its sister company Jacobs Real Estate Advisors. JREA Management exclusively manages Jacobs Real Estate Advisors properties, this close relationship ensures that investors, employees, and the portfolio exceed expectations. These privately held companies have over a decade of investment and management experience, with the staff experience spanning the last quarter century.

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