Those days are gone.
To clarify, the area I'm specifically referring to is part of Central Harlem, loosely from 112-125th street, from Morningside Park to Lenox. I like other areas of Central Harlem as well (Striver's Row, Mt. Morris, CCNY), but I'm confining this discussion to these parameters, which I know best.
A three bedroom, from about 1200 sf to about 1500 sf could reliably be found from just under $1 million to about $1.3 on the high ish end. Obviously they go higher for more amenities or outdoor space, or a newer building, but this was a reliable range.
As of today, there are only a few which fit into this criteria:
1. OK, this is my listing, so the blog seems totally self serving. Which is fine--it's my blog. But it doesn't mean it's not true. This is is 1300 sf in a great location. pretty view, apartment in good condition. Under $1,200,000. It's the best deal out there in Harlem.
http://www.randny.com/listing/2235-Frederick-Douglass-B/10377702
2. http://www.halstead.com/sale/ny/manhattan/harlem/1845-adam-clayton-powell/condo/11297655
This is not even 1200 sf and it's first floor. It's over $ 1 Million.
3. http://www.corcoran.com/nyc/Listings/Display/3357131
This is a lovely building and a spacious apt. It's asking $1,350,000, which is out of range for a lot of the buyers looking to spend closer to $1 Million. These apts were asking $100,000 less only a year ago, and selling for that range as well.
Even if you go up to $1.7, there aren't a lot of choices. I think there's less inventory, but when new construction apartments appear, they seem to go very quickly as well.
Frederick Douglass Boulevard is a fantastic place to live. Close to the B and C train, and not far from the 2 or 3 or the A train at 125th street. Lots of lovely local restaurants, but also services like a butcher, a local wine shop, dry cleaners, a French patisserie. This area will only continue to climb as new developments continue to hit the market.
No comments:
Post a Comment