The Real Deal New York

Posts Tagged ‘harlem’

  • Big Harlem ground lease hits the market

    September 10, 2014 06:00PM
    From left: 256-258 West 125th Street and Shimon Shkury

    From left: 256-258 West 125th Street and Shimon Shkury

    The owner of a Harlem building is looking for a partner to develop a mixed-use property on the rapidly changing West 125th Street. [more]

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  • calvin-butts

    Calvin Butts and 2070 Adam Clayton Powell Blvd. in Harlem

    A fire tore through the Ennis Francis Houses, a complex owned by Pastor Calvin Butts’ Abyssinian Development Corporation. Butts’ company has been planning to move tenants out of the property to a new eight-story building in Harlem.

    Dozens of tenants of the dilapidated apartment complex at West 124th Street near Adam Clayton Powell Jr. Boulevard have been waiting to relocate to the other site. Abyssinian resumed work on the project in April after running out of funds. [more]

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  • 525 West 125th Street

    521 West 125th Street

    Plans to bring a dilapidated old school building at 521 West 145th Street in Harlem back to life as an affordable housing project are now in motion. [more]

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  • From left: Seth Weissman and 426 Bainbridge Street, one of his properties in Brooklyn

    From left: Seth Weissman and 426 Bainbridge Street, one of his fund’s properties in Brooklyn

    Brooklyn investor Seth Weissman is targeting a new neighborhood with his venture CityShares, a fund that enables its participants to reap the benefits of increasing apartment demand in gentrifying areas. [more]

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  • From left: 1917 Seventh Avenue, Adam Mermelstein and 120 West 116th Street

    From left: 1917 Seventh Avenue, Adam Mermelstein and 120 West 116th Street

    Treetop Development sold part of their Harlem Portfolio to Flatbush-based E&M Associates for $29 million. [more]

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  • From left: Bed Bath & Beyond and 5-15 West 125th Street construction

    From left: Bed Bath & Beyond and 5-15 West 125th Street construction

    Bed Bath & Beyond is opening a store in Harlem. [more]

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  • sutton

    Jeff Sutton and 100 West 125th Street

    Jeff Sutton’s Wharton Properties received a $95 million construction loan to develop a six-story, 33,000-square-foot Harlem retail building to be anchored by Whole Foods. Natixis Real Estate Capital provided a three-year, interest-only loan that comes with two options to extend it for a 12-month period. The site at 100 West 125th Street, near Lenox Avenue, will hold Whole Foods as well as Olive Garden, TD Bank, Burlington Coat Factory and American Eagle. All leases are for 20 years; the building is 77 percent pre-leased, the New York Observer reported. [more]

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  • taystee

    426-458 West 126th Street

    Janus Property Company and Monadnock Construction unveiled a more detailed look at its $135 million redevelopment of the former Taystee Cake Bakery in Harlem. [more]

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  • harlem

    221 West 138th Street and Norman McHugh

    The $2.9 million sale of a landmarked limestone townhouse set a price record in the Harlem historic district of Striver’s Row, also known as the St. Nicholas Historic District, according to a spokesperson for Halstead Property. [more]

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  • From left: Josh Zegen, 2053 Frederick Douglass Boulevard and 300 West 112th Street

    From left: Josh Zegen, 2053 Frederick Douglass Boulevard and 300 West 112th Street

    Madison Realty Capital has teamed with RWN Real Estate Partners to purchase a pair of buildings along Frederick Douglas Boulevard in Harlem for about $30 million. [more]

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  • Rentals-in-demand

    With 20-somethings scavenging for more affordable rentals in Manhattan, demand for Central Harlem units among prospective renters jumped last week, according to apartment listings website Zumper.

    Central Harlem made it into the top five popular neighborhoods for the first time in nearly two months. The Upper West Side, Upper East Side and East Village topped the list, followed by Central Harlem and Greenwich Village. The median rent inquiry in Manhattan fell to $2,450, largely as a result of the Harlem surge. [more]

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  • 126th-st-depot

    2460 Second Avenue (Inset: Lev Kimyagarov)

    The 126th Street Depot in Harlem, one of the oldest bus depots in the city, will close in January to make way for a slave memorial and possibly an apartment building. [more]

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  • From left: HAP Development's Eran Polack and 2211-2217 Third Avenue

    From left: HAP Development’s Eran Polack and 2211-2217 Third Avenue

    UPDATED, 2:55 p.m., June 16: In yet another residential transaction in Harlem for HAP Investment Management, the firm bought a vacant corner lot on Third Avenue and 121st Street for $13 million. [more]

    2 Comments
  • A rendering of the Sugar Hill development

    A rendering of the Sugar Hill development

    The recently completed Sugar Hill Apartments brings a lot to West Harlem: 124 permanently affordable housing units, a children’s museum and pre-kindergarten facilities. But some say the cost of providing those neighborhood benefits was too high. [more]

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  • Rentals-in-demand

    The number of leads for inexpensive rental units in Harlem led to the median price inquiry for a three-bedroom apartment in the city to slip to $3,900 last week, according to Zumper, an apartment listings website.

    Three-bedrooms were the least popular among prospective renters, comprising 13 percent of the leads. Studios had 34 percent of the leads and a $2,225-per-month median rental inquiry. As for neighborhood demand, the Upper East Side could not be dethroned. Filling out the top five were the Upper West Side, Hell’s Kitchen, Midtown East and Central Harlem, Zumper data show. [more]

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  • From left: Rendering of 315 West 121st Street (Source: Soluri Architecture) and the site now

    From left: Rendering of 315 West 121st Street (Source: Soluri Architecture) and the site now

    The first round of permits are up for landlord Brad Simmons’ Harlem development at 315 West 121st Street. [more]

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  • 2270 Frederick Douglass Boulevard

    2270 Frederick Douglass Boulevard

    WEEKENDEDITION After sitting vacant for nearly three decades, a Harlem lot will soon see luxury rentals. [more]

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  • From left: Eric Schneiderman and 161 East 110th Street

    From left: Eric Schneiderman and 161 East 110th Street

    New York Attorney General Eric Schneiderman announced that real estate lawyer Harold Gruber is permanently banned from representing condo or co-op developments after an investigation found that he submitted at least nine false filings connected to the Mirada condo in Harlem. [more]

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  • From left: 2049 Fifth Avenue, 500 West 134th Street and recent development 25 West 128th Street

    From left: 2049 Fifth Avenue, 500 West 134th Street and recent development 25 West 128th Street

    Harlem-based nonprofit West Harlem Group Assistance says it wants to develop affordable housing — a claim current tenants in the organization’s 45-building residential network question. [more]

    4 Comments
  • 1831 Madison Ave.

    1831 Madison Ave.

    Residents of a city-subsidized Harlem co-op are pushing back after being hit with a $4.25 million lawsuit by the developer for complaining about inferior construction and repairs. [more]

    2 Comments
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