Articles on NYC Real Estate

Harlem Shuffle: Condo Prices Coming Down Uptown?

Condo Prices in HarlemSince its real estate renaissance began over a decade ago, Upper Manhattan condos have staked a compelling claim as both some of the nicest (and in some instances greenest) new apartments for sale in Manhattan and some of the greatest values in NYC condos. With a bumper crop of new condominiums in Harlem, Washington Heights and Morningside Heights set to open soon, the Upper Manhattan condo market is suddenly glutted. You don't need to be an economics professor to know what happens next -- the sudden boom in supply has led to lower prices, deeper concessions and a burgeoning buyer's market in Upper Manhattan condominiums.