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.
Posted in 110th Street, apartments, commercial real estate, Harlem, Harlem bloggers, Harlem blogs, Harlem commercial real estate,, HarlemGal, Morningside Park, real estate
Tagged 10026, 110th Street, Apartments, Harlem, Harlem bloggers, Harlem Blogs, Harlem Real Estate, HarlemGal, Manhattan real estate, one morningside park, real estate
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.
Posted in apartments, commercial real estate, Frederick Douglass Blvd., Harlem, Harlem bloggers, Harlem blogs, Harlem Restaurant Row, Harlem restaurants, HarlemGal, real estate
Tagged 2070 Frederick Douglass Blvd., Apartments, Eastern Consolidated, Frederick Douglass Blvd., Harlem, Harlem apartments, Harlem Real Estate, real estate
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.
Posted in 116th Street, apartments, Central Park North, food, Frederick Douglass Blvd., Harlem, Harlem blogs, Harlem commercial real estate,, Harlem real estate,, Harlem Restaurant Row, Harlem restaurants, Morningside Park, real estate, restaurant row, restaurants
Tagged 10026, 2126 Frederick Douglass Blvd, Apartments, apartments for rent, citihabitats, commercial real estate, Frederick Douglass Blvd., Harlem, Harlem Blogs, harlem restaurant row, morningside park, real estate, rental apartments, restaurant row
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.
Posted in commercial real estate, Harlem, Harlem blogs, Harlem commercial real estate,, Harlem real estate,, real estate
Tagged 10027, 2272 Frederick Douglass Blvd, Apartments, Harlem, Harlem commercial real estate, Harlem Real Estate
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.
Posted in apartments, Bars, Cedric French Bistro and Bar Harlem, Chocolat, drinks, entertainment, food, Frederick Cafe Bistro Harlem, Frederick Douglass Blvd., Harlem, Harlem Food Bar, Harlem Shambles, Harlem Tavern, Lido Italian Restaurant and Bar, Melba's Restaurant Harlem, New York, New York City, NYC, real estate, restaurant row, restaurants, The Park Wine Bar, Zoma Ethiopian Restaurant
Tagged Apartments, Ayo Haynes, business, Frederick Douglass Blvd., Harlem, Harlem Blogs, harlem restaurant row, Harlem Restaurants, Harlem's Restaurant Row, HGTV Selling New York, real estate, real estate broker, restaurant row, TV shows
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.
Posted in 110th Street, 116th Street, 125th Street, Adam Clayton Powell Jr. Blvd., apartments, business, Community, education, Frederick Douglass Blvd., Harlem, Lenox Avenue, New York, New York City, NYC, real estate
Tagged Apartments, Brick Underground, business, doorman, economy, Harlem, Insider tips for selling/renting out your apartment in the "slow" season, real estate, rental market, rentals, renting
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?
If you want to live right across the street from the Morningside Park Farmer’s Market in Harlem, now is your chance. Renovated condos called 250 Park View hit the Harlem condo market on Manhattan Avenue this past week. They are located exactly across the street from the park and a stone throw away from Central Park North.
According to its website, 250 Park View has an exposed-brick entryway which leads into 20 elevator-accessible units, a live-in super, security camera and color video intercom. The 20 units range from studios to 3 bedrooms with either park or courtyard views. Studios start at $450k, and the largest 3 bedroom duplex penthouse are going for $999. Wow!
Better hurry if you’re interested in living in Harlem at this location, which I think is a good one since it’s by two big parks, close to Harlem’s restaurant row and its very close to a subway stop, 110th Street B/C. Out of the 16 apartments listed on its site, only 8 are left. Harlem apartments clearly sell like hot cakes!
Posted in apartments, Frederick Douglass Blvd., Harlem, real estate, restaurant row
Tagged 10026, 250 Park View, Apartments, bedroom duplex, business, Central Park North, Harlem, morningside farmers market, morningside park, real estate, travel, undefined
According to RentJuice®, a Zillow® business and provider of lease marketing technology to thousands of real estate property managers and brokers, the uptown part of Manhattan, specifically Harlem neighborhoods, experienced a price jump in the rental sector of real estate. In a news release distributed today, it stated that “over the last quarter, the city’s average cost for space remained stable at $4.98 per square foot-exactly the same as at the close of the first quarter. The largest hike in price per square foot occurred uptown in Harlem. Neighborhoods such as Central Harlem, Harlem and Morningside all experienced 11 percent jumps in average price per square foot in the second quarter. Renters in Hamilton Heights, however, saw a five percent decrease in average price per square foot.”
To read the full news release, click here.
Posted in 110th Street, 116th Street, 125th Street, Adam Clayton Powell Jr. Blvd., apartments, commercial real estate, Community, Frederick Douglass Blvd., Harlem, Lenox Avenue, New York, New York City, NYC, real estate
Tagged Apartments, business, economy, Harlem, real estate, rental market, transportation, travel, undefined, vacation