Articles on Harlem Condos

The Cereza is a Lovely New Collection of Condos in Harlem

While new developments in lower Manhattan seem to get all the attention these days, there are plenty of new additions rising throughout the upper neighborhoods as well. Harlem has welcomed several new condominiums to the area in recent years, and this new East Harlem home, The Cereza is one of its most exciting.

There are Still Opportunities to Live in Harlem's 1399 Park Ave

 

1399 Park Avenue has brought 72 lavish homes to the Harlem, each one with gorgeous views of Central Park’s North Meadow or the New York City skyline. Although this building was completed in 2016, it still has a selection of available homes.

Construction in Harlem to Displace Local Business?

National Urban League Rendering

West 125th Street in Harlem will be getting a major update, with over twelve new construction buildings going into development in 2014. Residential and commercial properties will be built  in this location along with the new headquarters for the National Urban League and NYC’s first Civil Rights Movement Museum. A certain building that is slated to begin in 2015 on West 125th Street between Adam Clayton Powell Blvd and Malcolm X Blvd is under major scrutiny as the new development would effectively push out retailers that have held businesses along the busy street.

A Harlem Townhouse That’s Perfect for You and Your Art

Harlem townhouses provide more space for art collections

Have you ever looked at great piece of art, something that absolutely delights and captivates you, and wanted to bring it home; only to then realize that you wouldn’t have space for it in your Manhattan apartment? While we are sure that this thought must have occurred to many of you, we are also pretty sure that this feeling has come in your minds more than once! Think back on all those great artworks you liked and craved, but had to say no to them only because of the question: “Where are we going to keep it in our home?”

Harlem Becomes Hip

Move over, Chelsea and the East Village. There’s a new neighborhood that’s attracting the wealthiest of Manhattan, and that happens to be none other than historic Harlem. Recent reports have said that the prices for apartments in Harlem have been steadily growing, with the latest example of this trend being the sale of a luxury penthouse in One Museum Mile for $3.1 million. More proof for this trend has been exhibited in the fact that from 2007 to 2012, the prices of apartments near 110th Street in Harlem have increased by 39 percent.

Revival of the Harlem Condo Market in Full Swing

The Harlem condominium market is on the upswingWhen Lehman Brothers went bankrupt in the fall of 2008, perhaps no neighborhood was more greatly affected than Harlem. The ill-timed flurry of construction in Harlem that preceded Lehman’s collapse left about a dozen new developments stranded, so to speak. In other words,  those new luxury condominiums either on the market or about to be on the market at that time suddenly had no buyers and a bleak future. So, almost overnight, the new construction revival in Harlem created a glut of luxury condos that no one wanted to live in. This unfortunate turn of events had defined Harlem real estate for the past few years, but it looks like the damage wrought by those events has finally abated: in the third quarter of this year 150 condos sold in Harlem, marking the fifth quarter in a row where condo sales in Harlem exceeded 100 units. Despite the odds, sales of new luxury condos now exceed pre-Lehman levels. Granted, this is due to greatly reduced inventory and an extreme shortage of quality inventory elsewhere in Manhattan, but this recovery is still impressive, and it spells good news the Manhattan luxury real estate market as a whole.

125th Street's Development Boom

New Manhattan developments on 125th StreetOne street in Manhattan is about to gain 350,000 square feet of new development, and it’s not what you may think. 125th Street, often considered Upper Manhattan’s Main Street of sorts, will grow yet again thanks to three initiatives spearheaded by the New York City Department of City Planning and Economic Development Corporation. The former’s 2008 rezoning and the latter’s two pet projects, CREATE @ Harlem Green and the Corn Exchange Building restoration, will serve as anchors to make the 125th Street corridor one of Manhattan’s most important. In doing so, it will serve as a hub for new residential and commercial development as well as a catalyst for the continued growth of Upper Manhattan.

Are Two Bedrooms Now Number One in the Manhattan Condo Market?

After the 2008 market crash the prices of one-bedrooms and studios recovered fairly quickly, but the two-bedroom has held out until now. According to The Real Deal, overall inventory of apartments has grown by 13.4 percent since March, but the inventory of two-beds has grown much slower. True to the laws of economics, the ever-present high demand of Manhattan real estate coupled with a low supply means that prices of Manhattan two-bedrooms has hit a new peak -- and the competition to secure one is getting fierce. The New York Times interviewed Tracie Hamersley, a senior vice president of Citi Habitats, whose two-bedroom listing in Murray Hill closed at the asking price after only a single week on the market. It was the buyer’s third attempt at securing a two-bedroom.

Meet Manhattan's Newest FHA-Approved New Condominium Development

Manhattan has a new FHA-Approved Conominium developementThis isn't the first time we've covered the way that the Federal Housing Administration's new guidelines for condominium developments has created a new class of desirable and affordable condominiums in Manhattan. Well, the list of FHA-approved new condominium developments in Manhattan has expanded by one, as Harlem's 2280FDB recently received FHA approval. So, what is 2280FDB?

TOP TEN: Hottest New Construction Buildings in Manhattan

10A newly released report lists the past season's most popular New York City new condos, based on contracts inked. The number one building? Harlem's beautiful and LEED-certified Kalahari. With good reason! We can't say enough about this building. Other highly desirable buildings in which we have condos for sale...