The Real Deal New York

Posts Tagged ‘harlem’

  • 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]

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  • 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]

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  • 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]

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  • Charles Rangel and 163 West 125th Street

    Charles Rangel and 163 West 125th Street

    New York City Congressman Charles Rangel skipped rental payments on the district office he rents in Harlem’s Adam Clayton Powell Jr. State Office Building for all of 2013, according to records obtained by the New York Post.

    The longtime legislator and national figure paid $7,253 in monthly rent on the office at 163 West 25th Street, which has housed the Congressman’s district office since 2000, according to 2012 expense reports cited by the Post. But the payments halted in 2013, and the state responded by allowing an “abatement” that permitted the postponement of six months of rent, the paper indicated. [more]

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  • 4-14 West 125th Street

    4-14 West 125th Street

    An out-of-town retail operator has inked a 99-year triple-net ground lease for the Rosen family’s Bargain World spot on Harlem’s West 125th Street.

    Skyline Properties’ Robert Khodadadian was the broker on the 4-14 West 125th Street deal, and told the New York Observer that the roughly 30,000-square-foot building will be delivered vacant. [more]

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  • 423 West 127th Street

    423 West 127th Street

    A new business incubator for startup biotech ventures is yet another sign of the change sweeping Harlem. [more]

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  • 75 East 125th Street

    75 East 125th Street

    Two congregation leaders recently filed suit as alleging they are the rightful owners of a Harlem church that was seized after a pair of developers failed to rebuild it as promised.

    Saadia and Maria Shapiro, a husband-and-wife team for a Brooklyn-based limited liability company called Parade Place, planned to erect a 12-story mixed-use building on four parcels. [more]

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  • From left: Aerial view of Boston's infrastructure, the Harlem explosion site on Wednesday and a Washington, D.C. water main

    From left: Boston’s infrastructure, the Harlem explosion site in New York and a Washington, D.C. water main

    An explosion in Harlem that left seven people dead, injured 28 and leveled two buildings on Park Avenue is suspected to have been caused by a gas leak from an underground main, rousing concern about the city’s aging infrastructure. [more]

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  • samuelsson

    Marcus Samuelsson and his Harlem brownstone

    Harlem real estate broker Laurent Delly reached a settlement in a lawsuit against Halstead Property and celebrity chef Marcus Samuelsson. The broker had accused Samuelsson of conspiring with a Halstead broker, Kim McKeller, to cheat him out of his 3 percent commission on the purchase of a $2.9 million Harlem townhouse. [more]

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