Tag Archives: Apartments

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 2270 and 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.

250 Park View joins condo market in Harlem



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!

Harlem neighborhoods experience price jump in rental market

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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.

Rental building planned for St. Nicholas Avenue in Harlem

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For the last several years, all Harlem has seen is condo buildings going up-one after the other-especially on or near Frederick Douglass Blvd. Another building is going to be constructed in this Harlem area. However, it’s not going to be a condo. Several sources tell Harlem Gal Inc that the next building to be built from the ground up in Central Harlem will be a rental building and the developer responsible for this will be Hans Futterman. Futterman has built 2280 FDB and several other buildings in the surrounding area in Harlem.

Futterman purchased the space on St. Nicholas Avenue between 121st and 122nd Street. It’s where the gas station use to be. If you walk by you will see that it’s been closed and permits are hanging on the fence. Futterman has told several business people in Harlem that he is going to build a rental building at this location in Harlem since most of what he has built has been condos!

There is no word yet as to what the building will look like in terms of layout or how high. As with most stories, that information will unfold over time.

As for whether this building will be an affordable rental building, I seriously doubt it. Most of what Futterman builds is mid-to-high end. Stay tuned!

Harlem Real Estate Progress Report: The Morellino Condo unveils its listing


The building located at 159 West 118th Street and Adam Clayton Powell Jr. Blvd has gone through so many changes, from condo to youth hostel to vacant, etc., it may have finally reached one identity. Called The Morellino, it has 35 residential units, 20 storage units, and five retail units.Of the 35 residential units, there are 15-one bedrooms, nine-two bedrooms, and 11-three bedrooms. Six of the units boast outdoor space, either as a rooftop terrace or a ground level garden. The prices range from $475k to $1.4 million. Buyers would be paying in the range of $650 a square foot-if my math serves me correctly. Park River Properties now appears to have the entire listings!

To read previous blog posts on Harlem Real Estate, click here.

Rent spikes in Harlem

Harlem is a Nike symbol or an arrow shooting straight up on a graph when it comes to the rental market for apartments. According to The Wall Street Journal, Harlem, along with the Financial District, share a statistic at the moment being that they are seeing the largest rent increases during the last year. Rental prices in both of these Manhattan areas are up more than 15 percent year-over-year.

The article states “the average Harlem apartment rent was $2,055 a month during the second quarter, up $333 from a year earlier. These rent averages include dwellings of all sizes – studios, as well as one-, two- and three-bedroom apartments.”

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