Tag Archives: Real Estate

Harlem Real Estate Market Key Indicators (as of Sunday July 6th 2014)

Snapshot of key Harlem real estate market key indicators such as average listing price, median sales price, average price per square foot, number of sales, etc.

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Harlem Real Estate Market Update

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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

 

East Harlem community board expands retail footprint of Harlem’s tallest building

real estate east harlem harlemcondolife

An East Harlem community board unanimously approved  a plan to grant more retail space and less parking to what could become Harlem’s tallest buildings.

The additional retail will include 63,200 square-feet of ground and second floor space and reduce parking from 304 to 123 spots in a complex consisting of 682 residential units and 32-stories.  

Read more: http://www.nydailynews.com/new-york/uptown/tallest-towers-nod-e-harlem-board-article-1.1619177#ixzz2uHyIa2tV

How much should I tip the staff in my building for the holidays?

holiday tipping via harlemcondolife

Curbed.com’s annual holiday tipping guide is out, courtesy of Brick Underground.  This advice is ever more useful given the explosion of new real estate in Harlem over the last 7 years.

-Super, resident manager: $75 -$175 on average.

-Doorman, concierge: $25-$150 on average.

-Porter, handyman: $20 – $30 on average.

-Garage attendant: $25 – $75 on average.

Other notable findings:

-Tips averaged $25 to $75 per apartment but are higher in richer nabes.

-Tips  depend on the residents’ financial year.

-Renters as a whole tip less than owners).