Price cuts help sales at Hamilton Lofts

Scenes from the Hamilton Lofts open house in Harlem last night

Following price cuts, contracts were signed for two units at Hamilton Lofts, a 12-unit, two-building condominium development at 117 and 121 Edgecombe Avenue in Harlem, with a third one in negotiation, Felicia De Chabris, a senior vice president in Halstead Property Development Marketing, said at an open house event last night. Sales at Hamilton Lofts started seven weeks ago. 

Contracts have been signed for a 745-square-foot one-bedroom unit listed for $425,000, and for a 1,135-square-foot, two-bedroom unit, with a listing price at $629,000, De Chabris said.

Other units at developer Romy Goldman’s project, between 140th and 141st streets, have seen price cuts. A two-bedroom, two-bath unit was slashed by $126,000 to a $629,000 asking price. The price of a three-bedroom, two-bath penthouse with an outdoor terrace was also cut by $111,000 to an asking price of $659,000.