New York, NY – February 1, 2012 – Halstead Property Development Marketing today announced that 5thon the Park, a new, full-service residential high rise on Upper Fifth Avenue, signed a total of 41 contracts throughout 2011, the most out of any new development property in Harlem.
Halstead Property Development Marketing represented seven of the top 10 new developments with the most contracts signed in Harlem in 2011, including runner-up 88 Morningside with 38; followed by 2280 FDB with 31 and PS90 with 30. Gateway Towers, Windows on 123 and Parkside Flats made up the final three with 17, 13 and 12 signed contracts respectively.
“This data reflects the value many buyers see in 5th on the Park,” said Stephen G. Kliegerman, president of Halstead Property Development Marketing. “With the combination of a first rate sales team and thedevelopment’s intelligent design, luxurious amenities and prime location, we expect to maintain a brisk sales pace in 2012.”
Located at 1485 Fifth Avenue, 5th on the Park is a 28-story shimmering glass tower on the corner of 120th Street directly across from historic Mount Morris Park. The remaining units consist of spacious studios, one, two, three and four-bedroom apartments, many with private outdoor space, ranging in size from 568 to 2,386 square feet and in price from $395,000 to $1,725,000. Immediate occupancy is available for purchasers.
5th on the Park provides residents with the pinnacle of amenities, including a state-of-the art gym and a 55-foot indoor, heated lap pool, which have an adjacent outdoor terrace and sun deck overlooking Central Park and the Manhattan Skyline. For further relaxation and entertainment, there is an additional outdoor common terrace, entertaining areas and resident lounge with catering kitchen, as well as a children’s playroom. The development also provides a 24-hour concierge service, on-site, elevator-accessed valet parking and bicycle storage.
Homes at 5th on the Park combine striking interiors with the finest materials to provide a harmonious living space. Each pet-friendly residence features five-inch engineered cherry wood floors; 9’ to 10’ 6’’ ceilings; floor-to-ceiling double-paned windows; a washer and dryer in each unit; custom designed closets; and central air conditioning.
Italian designer kitchens are purpose-built for everything from everyday meals to entertaining with style.The chef-inspired spaces feature: GE Monogram and KitchenAid stainless steel appliances; absolute black granite countertops and flooring; European cherry wood cabinets with frosted glass accents; task lighting; under-counter stainless sinks; sleek Kohler fixtures; bar-style counters; and distinct dining areas. Baths are highlighted by: honed cream-colored marble floors and walls; soaking tubs; and glass-enclosed showers.
The top 10 properties with the most signed contracts in Harlem in 2011 are: 5th on the Park at 1485 Fifth Avenue with 41; 88 Morningside at 88 Morningside Avenue with 38; 2280 FDB at 2280 Frederick Douglass Boulevard with 31; PS90 at 220 West 148th Street with 30; Apex at 2300 Frederick Douglass Boulevard with 23; Pascal at 333 East 109th Street with 22; Embelesar 118 at 152 East 118th Street with 19; Gateway Towers at 2098 Frederick Douglass Boulevard with 17; Windows on 123 at 117 West 123rdStreet with 13; and Parkside Flats at 362 St. Nicholas Avenue with 12 signed contracts.
Posted in Harlem, Real Estate Tagged with: 120th street, 2280 FDB, 5th on the Park, 88 Morningside, Embelesar, Frederick Douglass Boulevard, Gateway Towers, Halstead Property Development Marketing, Livmore, Parkside Flats, Pascal, PS90, Stephen G. Kliegerman, Windows on 123
The Real Deal reports increased activity Harlem at building including The Douglass, Windows on 123, the Livmor and Parc StandardLast.
Price cuts on the units in those buildings have resulted in some units selling for less than $500 per square foot.
t, the 72-unit Livmor, the 28-unit Parc Standard and the 38-unit Douglass, all on Frederick Douglass Boulevard, are sold out. The 73-unit co-op 88 Morningside is 71 percent sold. The 86-unit Gateway is 90 percent sold. Windows on 123 is on its second phase of sales.
A few years ago, in 2008 HarlemGuy at a blog meeting for HarlemCondoLife with 6 bloggers present at the meeting in front of witnesses, came up with and coined Frederick Douglass Boulevard from 110 to 125th Street as “Harlem Restaurant Row“. Which since has become a signature phrase credited to Harlem Condo Life.
Posted in 5th on the Park, Avalon, business, Central Harlem, Community, GatewayTower, Harlem, Harlem Sol, New York City, Real Estate, SOHO 118, South Harlem (SOHA), The Livmor Tagged with: 88 Morningside, @HarlemHCL, Frederick Douglass Boulevard, Harlem, Harlem Condo Life, Harlem Real Estate, harlem restaurant, harlem restaurant row, HarlemBlog, HarlemBlogger, HarlemCondoLife.com, HCL, The Douglass, The Gateway, The Livmor, The Parc Standard, The Real Deal, Windows on 123, your gateway to harlem
The Wall Street Journal reports that a recent renaissance of the Harlem real-estate market with new buyers bidding on townhouses and condominiums.
Recently three townhouses closed between $2.3 million and $2.85 million, the highest prices since the spring of 2009.
During the third quarter, the number of Harlem apartment sales rose to the highest level since September 2008, according to analysis of city records. But they were only slightly above sales reported in the same quarter in 2010.
Halstead reports that in the last few months, the backlog of unsold new condominiums in Harlem has fallen.
Brokers say that new restaurants and stores are getting the attention of new buyers.
Sales were particularly strong a 88 Morningside a 12-story building at West 122nd Street and Morningside Avenue, with a rooftop deck facing Morningside Park, and at the Gateway Tower on Frederick Douglass Boulevard, he said where 55 condos in a seven-story addition went on the market in April, and which has 360 views of Manhattan including Central Park.
See Harlem Attracts Post-Slump Buyers – WSJ.com for more details.
FASTEST SELLING DEVELOPMENT IN HARLEM, 88 MORNINGSIDE,
UNVEILS BREATHTAKING ROOFTOP TERRACE
New York, NY – July 29, 2011 – Halstead Property Development Marketing today announced the completion of the rooftop terrace at 88 Morningside, a premier new development located on the corner of Morningside Avenue and West 122nd Street.
Featuring landscaping design by Chelsea Garden Center and modern furnishings from Design Within Reach, the spacious 1,800 square foot roof terrace at 88 Morningside offers a communal kitchen equipped with an Electri-Chef 32” dual control, built in electric grill and cold storage; large chairs and dining tables; relaxing lounge chairs; six private cabanas; as well as breathtaking views of Morningside Park and the Manhattan skyline.
“We are extremely pleased with the finished product of the roof deck,” said Beatrice Sibblies, president of BOS Development, lead developer of 88 Morningside. “The designers have created such a comfortable atmosphere; it’s the perfect setting for residents and guests to mingle, relax, or even host an intimate party.”
88 Morningside (www.88Morningside.com) is a modern 12-story residential building that includes a mix of one-, two- and three-bedroom homes. The remaining 32 units range in size from approximately 735 – 1,270 square feet and in price from $415,000 – $880,000.
The fastest selling new development in Harlem, 88 Morningside has reached more than 50% sold in just over a year.
“As sales continue at a steady pace, we anticipate the new roof terrace will add another element of interest for buyers,” said Stephen G. Kliegerman, president of Halstead Property Development Marketing. “The views of neighboring Morningside Park and the Manhattan skyline simply add to the great location, desirable layouts and unique design elements.”
All residences feature distinctive charcoal maple wood floors, ample natural light and clean lines throughout. The kitchens feature sleek white lacquer cabinetry and a modern appliance package including Delonghi gas range stove, Bosch microwave and dishwasher, and paneled Liebherr refrigerator.
Spa-like master baths feature white wall tile and white Corian sink surfaces offset by deep black Senza stone tile. Other distinctive elements include a custom-made oak vanity, Artemide lighting, and a Duravit soaking tub or glass-enclosed shower with 10-inch rain showerhead. Two- and three-bedroom apartments include a second bathroom with Gypsum tile bath walls, Ann Sacks mosaic tile floors and glass-enclosed shower.
Residences enjoy a variety of other amenities, including an on-site storage area, media lounge, virtual concierge and fitness center. The development is situated in a community offering a vibrant scene with numerous restaurants, lounges, shops and services. The Studio Museum in Harlem, H&M, and Fairway are all within walking distance and the nearby Harlem Piers leads to the beautiful Hudson River bike paths and Riverside Park.
About 88 Morningside:
88 Morningside is comprised of 73 units including 47 one-bedroom, 17 two-bedroom and nine three-bedroom apartments. The building features original design elements and exclusive amenities that rival those found in many of the top buildings in Manhattan including a roof deck with an outdoor kitchen, spa-like bathrooms, gourmet open kitchens, a media lounge, and a virtual concierge. 88 Morningside’s successful team of developers includes: Beatrice Sibblies, managing partner at BOS Development; Edward Poteat, director of real estate finance for Horsford & Poteat Realty; and Sara Herbstman, partner of The Bluestone Organization. For more information, please visit: www.88morningside.com.
According to recent reports, out of 29 new residential developments in Harlem listing new units in the second, third and fourth quarters of 2010 and the first quarter of 2011, 88 Morningside beat the competition by selling a total of 32 units during that time period.
88 Morningside (www.88Morningside.com) is a modern, 12-story residential building featuring 73 units in a mix of one-, two- and three-bedroom homes. The remaining 35 units range in size from approximately 737 – 1,577 square feet and in price from $415,000 – $880,000. My favorite quote from all the marketing materials is as follows:
The development is situated in a community offering a vibrant scene with numerous restaurants, lounges, shops and services. The Studio Museum in Harlem, H&M, Citarella and Fairway are within walking distance and the nearby Harlem Piers leads to the beautiful Hudson River bike paths and Riverside Park.
Posted in Harlem Tagged with: 88 Morningside, Citerella, Fairway, h&m, Harlem, Harlem Piers, Hudson River, Manhattan Avenue, morningside park, New York, Real Estate, Riverside Park, The Studio Museum, United States
What a difference 6 years makes, as the sampling of available real estate offerings in Harlem below from Halstead makes clear.
When I first bought in Harlem there was just one property on this list that I can recall, the Gateway Condominium. My slice of Harlem which is Frederick Douglass Boulevard from 110th to 125th (we called it the Gold Coast, the NY Times called it Harlem’s Restaurant Row) was just beginning an epic transformation. It was my move into the neighborhood and its transformation that prompted my fellow bloggers to partner together to create HarlemCondoLife – Your gateway to Harlem.
Today is a few days after the 7th anniversary of my first day as a Harlem resident and owner with a vested interest in this community’s future. I am happy to report how much has transpired since then.
Follow HarlemCondoLife on twitter @HarlemHCL
Posted in Harlem, Real Estate Tagged with: 119 and Third, 2280 FDB, 5th on the Park, 88 Morningside, Alameda, Hamilton Court, Harlem, Harlem Sol, HarlemCondoLife, HCL, Metropolis Condominium, new york city, nyc, Parkside Flats, Posts By Harlemguy, PS90, The Bridges NYC, The Gateway Tower, The Lenox, The Lore, W123, Winfield Condominium
Harlem Real-Estate continues to be hot and in demand with frequent articles in New York Magazine along with New York Times, Uptown Magazine and Architectural Digest. Here are two new properties featured this month in New York Home Design.
“A peaceful Oasis overlooking Morningside Park” 88 Morningside is mentioned in this months issue of New York Magazine Home Design.
1, 1 + home office, 2 and 3 bedroom homes starting at $365k. On Morningside at 122nd Street.
Also listed is “A new take on an old school” PS 90 at 220 West 148th Street near historic Jackie Robinson Park. An excellent example of neo-gothic architecture exterior with elegant contemporary interior design.
Halstead is showcasing a few top Harlem developments in open houses this weekend. Properites include Graceline Court Condominium, The Douglass, The Ellison, 88 Morningside, Metropolis Condominium, Park Lane Condominium, PS90, 2280 FDB, Beacon Towers and The Savoy West.
See www.harlemopenhouses.com for more information on the event itself.
Saturday, April 17 and Sunday, April 18, 2010. Time: 12 PM – 4 PM.
Posted in Real Estate Tagged with: 2280 FDB, 88 Morningside, Beacon Towers and The Savoy West, Graceline Court Condominium, Halstead, Harlem, HarlemCondoLife, HCL, Metropolis Condominium, Park Lane Condominium, Posts By Harlemguy, PS90, Real Estate, The Douglass, The Ellison