StreetEasy.com’s VP of Research Sofia Song indicates that while prices across Manhattan have remained relatively flat since last year’s first quarter, Central Harlem has seen a 6.6 percent increase in median closing price. This is the highest of any neighborhood in the city. Additionally, the supply of available apartments is down 17.7 percent from 2011.
For instance, One Museum Mile with condos above the Museum for African Art at 1280 Fifth Ave., have seen units selling for as much as $3.1 million. Nearby The Related Companies have started marketing 1214 Fifth Ave., Mount Sinai’s newest tower, which features 30 floors of rentals and the amenities of a luxury condo, including a pool, fitness center and a screening room.