Tag Archives: Apartments

Lottery apartments now available in Harlem on West 117th Street

If you or someone you know is looking for affordable housing in Harlem, a batch of apartments are available at 24 West 117th Street. The apartments are being lotteried out by NYC Department of Housing. Applications must be in by May 5. To learn more, go to NYC.gov.

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More than 60 percent of condos sold at One Morningside Park in Harlem says The NY Times

One Morningside Park, the luxury condo going up on 110th Street and Manhattan Avenue, is more than half sold! The New York Times reports today that more than 60 percent of the 54 units have sold and prices continue to rise!

“The remaining one-bedroom is listed at $925,000. Two-bedrooms range from $1.436 million, for a 1,051-square-foot space, to $1.949 million for a 1,397-square-foot space. And three-bedrooms range from $1.911 million, for 1,265 square feet, to $2.302 million for 1,383 square feet.”

The article even states people are moving to Harlem because folks are priced out in other parts of the City. Insane!

Manhattan is out of control expensive with no end insight. Mayor-elect De Blasio your up!

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One Morningside Park in Harlem taking shape

Harlem real estate continues to amaze me. Development continues even though the entire world feels like a quagmire, with the exception of Manhattan real estate. Look at this building in Harlem on the corner of 110th Street and Manhattan Avenue, which was an abandoned lot! It’s going up so fast and there’s not very many apartments left-unless one has a million dollars. Look at One Morningside Park’s listings! All that’s left to purchase are apartments for $1.2 to $2.2 million. And there’s no guarantee those million dollar apartments have Central Park or Morningside Park views. My guess is those apartments with great park views went first.

With this apartment building going up in this former abandoned lot, can we all agree now that Harlem is one expensive place to buy real estate? Long gone are the days of reasonable apartment deals in Harlem.

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Harlem building 2070 Frederick Douglass Blvd goes on sale for $9.75 million

Another apartment building in Central Harlem has been renovated and is now on the market for sale. The last building we talked about was on 115th Street and FDB. This week we learn that the seven-story, mixed-use property located on the corner of West 112th Street and Frederick Douglass Blvd (2070 Frederick Douglass Boulevard) is for sale through Eastern Consolidated for $9.75 million.

According to a news release, Eastern Consolidated “is marketing the recently-renovated 15,000-square-foot elevator apartment building in Harlem, which was gut renovated and with new construction of the two top floors in 2007- consists of 16 units, which are mostly two and three bedroom units, as well as two retail stores on the ground floor.”

Interested in more information about acquiring the property? Contact Adelaide Polsinelli at Eastern’s Midtown offices at 212 499-7700.
112th and FDB

Sign says apartments for rent at 2126 Frederick Douglass Blvd in Harlem

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There is signage up at the recently renovated Harlem building located at 2126 Frederick Douglass Blvd. that says apartments for rent by CitiHabitats. When I went to the website to view the listing, I only saw 5 Harlem apartments listed and get ready for this…the apartments listed range from $4700 for a 4 bedroom/2bath to $4000 for a 3 bedroom/2 bath.

I find that rent to be pricey however, this part of Harlem has experienced the most growth in the last couple of years, it’s known as Harlem’s restaurant row and its nestled between two big parks, ie Central Park North and Morningside Park. If I had to bet, my guess is CitiHabitats will probably get the rent they are asking. What do you think? Is the rent reasonable for these Harlem apartments or “too damn high” as the saying goes?

To view the listings of rental apartments at 2126 FDB in Harlem, go here.
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Mixed use building going up at 2272 Frederick Douglass Blvd in Harlem

A residential building with street front commercial space is finally being built at 2272 Frederick Douglass Blvd in Harlem. I use the word finally because this area in Harlem, which was once an abandon lot, construction had started a few years ago and then suddenly stopped-probably due to the 2008 financial crisis is my guess. Now its clear from the scaffolding and signage at the corner of 120th Street and FDB, construction work is well underway.

According to signage on the construction site, the building will have 8 floors and consist of 41 units. PropertyShark states 36 of the 41 units will be residential units. No word on whether this building will be condo or rental! So stay tuned.

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This weeks HGTV Selling NY to feature Harlem again

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A real estate broker has given us the heads up that Harlem real estate and Harlem’s restaurant row will be featured in this weeks edition of HGTV Selling NY. The broker and two of her clients, who are looking to purchase their first home together, venture into Harlem to look at apartments in the neighborhood. In the course of the episode, the clients receive a tour of Harlem restaurants and shops to show them that everything they have become used to downtown can be found right here in Harlem, specifically along Frederick Douglass Blvd.

Check out the TV show this Thursday, Feb. 7 at 6:30 pm.

Latest Manhattan Rental Market Report, how does Harlem make out?

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I came across an interesting clip from Brick Underground about renting or selling during the Winter months, which then lead me to a Manhattan rental report and from there I tripped over housing stats about Harlem. If you’re an owner of property in Harlem, you’ll enjoy this news. If you’re a person looking to rent in the Harlem area, this is info could be bad news for your endeavor.

According to the 2012 November issue of Manhattan Rental Market Report, “Harlem is the only neighborhood that saw increases,” which is unusual because during the cold season the real estate market typically slows down for both selling and renting; and numbers are flat. But not for renting in Harlem. The numbers are up, according to this report. Here are the Harlem stats:

Non-Doorman Studios (3.1%)
Doorman Studios (4.4%)
Non-Doorman One-Bedrooms (3.5%)
Doorman One-Bedrooms (2.6%)
Non-Doorman Two-Bedrooms (2.0%)
Doorman Two-Bedrooms (1.2%)

To learn more about the Manhattan Rental Market Report, go here.

220 St. Nicholas Avenue in Harlem going rental, not condo

The abandoned, halfway finished, glass building on 121st Street and St. Nicholas Ave., aka 220 St. Nicholas Ave., is apparently going rental, not condo. The Real Deal reports that the developers are foreclosing on this odd structure and taking title to the property and turning into a rental.

I walked by this place yesterday afternoon and saw a forklift (if that’s what it’s called?) on site carrying someone to the top of 220 St. Nicholas Ave in Harlem. Maybe it was the young developers checking out their soon to be foreclosed place?

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Dear Harlem: Is it better to buy or rent?

There are those so-called “million dollar question(s)” out there in the universe around housing that we have all asked ourselves at one time or another. I know I have. And that is…is it better to buy or rent? It’s a loaded question…huh? Well, there is actually an online, interactive tool available now that is trying to help consumers answer that question: buy vs rent? It’s in The New York Times’ Making the Most of your Money section.

To use the online tool, fill in the information on your left, i.e. monthly rent, home price, etc. After you fill out the information, then place your cursor over the grid and it will reveal whether its better to buy or rent? Below are two samples.

Try it by going here. And good luck with finding the answer to that familiar question.