Harlem Real Estate Market

Posted on August 9, 2006 by


As promised back in July here is a somewhat short list of media coverage concerning the uptown real estate market:

Updated 8/12/06:

-City College opens their first on-campus dorm.

-The abundance of empty buildings in Harlem are ripe property for the tight affordable housing market. However there are still apartments in Harlem for around $1,000 a month.

-Courtyard by Marriot plans to open a hotel in Harlem.

-Tug of War over the use of abandoned school on the East side.

-The Ellison condos are expected to sell for just under 1 million once they are put on the market after Labor Day which is right in line with the rest of Manhattan real estate.

-New owner of the New York Observer seeking to purchase 22 buildings north of 96th Street.

-West 115th Street to get twin loft condos courtesy of Enterprise fund.

-111 Central Park West the blue glass encased luxury condo has some residents thinking “There goes the neighborhood.

-The space formerly occupied by Bayou still on the market.

-The restaurant formerly known as Bleu Evolution on 187th Street has been sold!

-Some analysts wonder if there are enough buyers to purchase all of the luxury condo developments or will it lead to Harlem repeating it’s past of an overpriced housing market?

-If you thought paying $1 million for housing in Harlem try paying over $2 million!

-AM New York the free daily available at every subway station is doing a series of articles about the housing market in New York. The first story in the series was about rental nightmares.

-The Real Deal about Harlem’s real estate market.

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Posted in: Real Estate