Saturday, August 4, 2007

Today's Apartment Pick: Morningside Charm; Plus, Harlem Blossoms

This three-bedroom charmer overlooking Morningside Park in Harlem is listed at $519k. The apartment boasts hardwood floors, French doors, a fancy new kitchen -- and is not far from the A train (one stop to 59th St.). At this asking price, you may be able to negotiate and get a good bargain.

Meanwhile, the New York Times highlights change and new development in central Harlem -- including a condo called the Langston, with 180 units, and Ellington on the Park, with 134 units. The New York Sun has noticed as well, pointing out extraordinary increases in price per square foot for central and east Harlem condos between 2005 and 2006. In commercial news, The Observer reported this past week that Reisman Properties has commissioned Handel Architects (Trump Soho Hotel, Ritz-Carlton Downtown) to design a 19-story luxury hotel on 125th St. and 5th Avenue.

Link to Today's Apartment Pick
Link to New York Times: A Neighborhood Worth the Big-Ticket Investment
Link to New York Sun: The Residential Market, Too, Surges in Harlem
Link to New York Observer: Harlem to Get First Luxury Hotel

2 comments:

Anonymous said...

519K seems too high for this part of town.
They would probably take the offer at 450-470K if
they're lucky

Anonymous said...

Not enough upgrades or original details for the asking price.