Tag Archives: manhattan

Harlem Real Estate Market Update

harlem real estate

For HarlemCondoLife by Deondra Carter

The Harlem real estate market is off to a strong start. Prices were up by 9.7 percent and an astounding 145 percent in East Harlem compared to last year according to Trulia.com. The huge jump in East Harlem was based on 18 sales within the past year and can be attributed to the increase in townhouses and new condo units that were on the market. As seen throughout Manhattan, low inventory and strong demand continue to push prices north.

Sales in the Harlem market included a diverse mix of condos, co-ops, and townhouses. Within Harlem (including East Harlem and Hamilton Heights) there were 82 condo sales with a median price per square foot of $693 and an average sale price of $540,000. Standout sales numbers were reached at new condo developments such as Saint Anne’s Court at 48 West 138th street and 234 West 148th Street with 20 and 13 sales in the first quarter respectively. Expect to see even higher numbers next quarter when the units at The Adeline at 23 West 116 start to close. There were 44 co-op sales with an average sales price of $227,500. As for townhouses, there were 16 recorded 1-4 family sales with an average sales price of $1,314,433.

Congratulation to all the happy homebuyers and sellers!

For questions or information about this update, contact Deondra Carter, Licensed Real Estate Salesperson at Douglas Elliman Real Estate by email at Deondra.carter@elliman.com

 

UPDATE: Breaking news – Buildings explode in Harlem

(Photo credit: vintspiration)

 

 

 

 

 

 

 

 

 

UPDATE:  

Notification issued on 3/12/14 at 3:00 PM. The New York City Unified Victim Identification System (UVIS) has been activated in response to the building collapse that occurred earlier today at 116th Street and Park Avenue in Manhattan. If you are concerned about the welfare of someone who may have been affected by the collapse and are unable to contact them, please call 311. From outside of NYC, you may call (212) 639-9675. The American Red Cross has also opened a reception center at P.S. 57, located at 176 East 115 Street in Manhattan.

ORIGINAL:

Two buildings appear to have collapsed in East Harlem.

At least two deaths and 16 injuries are reported.  NYFD reports it to be a 5-Alarm Fire.  The buildings are located on 116th Street and Park (5th Avenue)

Our condolences to the families who lost family and friends.  And we wish a speedy recovery to those injured and quick resolution for those who have been displaced.

Get the latest news on CNN.

Breaking news – Buildings explode in Harlem

(Photo credit: vintspiration)

 

 

 

 

 

 

 

 

 

Two buildings appear to have collapsed in East Harlem.

At least two deaths and 16 injuries are reported.  NYFD reports it to be a 5-Alarm Fire.  The buildings are located on 116th Street and Park (5th Avenue)

Our condolences to the families who lost family and friends.  And we wish a speedy recovery to those injured and quick resolution for those who have been displaced.

Get the latest news on CNN.

Sign petition to bring Citibikes to Harlem

citibike harlem

Harlem residents have launched a petition on Change.org to bring Citibikes to Harlem.  Harlem was not included in the initial rollout.  Nor is Harlem included in current expansion plans.

This exclusion does not make sense.  See below for salient points from the petition.

HarlemCondoLife supports the petition by Harlem residents to bring Citibikes to Harlem.    Click here to view, sign and share the petition.  

While the City is cold and mired in snow, now is the time to ask for what Harlem deserves, so there’s a chance Harlem will have it to enjoy as soon as  possible, ideally by this Spring.

  • The Citibike program has been largely hailed as a huge success, and plans are in place for its expansion.
  • New York Magazine reported though, that the new stations “are planned for the Upper West Side, Upper East Side, Park Slope, and Cobble Hill”.
  • The article points out that the planned expansion “does nothing to fight the perception — and stats — that contend the program is catering only to well-off white people.”
  • The expansion of the Citibike program into less affluent areas will mean greater access to the city annual costs of a metrocard start at over $1,300, which would mean greater access to opportunities.
  • Harlemites pay the same taxes on sales, income, and property, but we are always the last to benefit when the city prospers, and while Harlem is enjoying something of a renaissance, the City, in this case the NYC Department of Transportation, can help Harlem help itself by supporting the infrastructure of our Manhattan neighborhood.
  • Harlem is home to many students, recent college graduates, and others just starting out in the city. A bike share program would boom amongst them.  This is especially true given the emergence of Harlem’s Educational Hub in Manhattanville.
  • The petition needs the support of Polly Trottenberg, Dept. of Transportation, Commissioner for the New York City Department of Transportation;  Henrietta Lyle, Chairman for CB10; Andrew Lassalle, Assistant District Manager;  Seth Solomon, Press Secretary at NYC Department of Transportation.

via Petition | Expand the Citibike program to Harlem | Change.org.