PS90 condominiums: A test case in Harlem
Former schoolhouse conversion could be bellwether for uptown sales October 14, 2009 04:30PM By Steve Cutler
A rendering of PS 90 at 220 West 148th Street
From the October issue: Its staggering decade-long, rags-to-riches rise made a revitalized Harlem the media superstar of the Manhattan real estate boom. Which makes its steep fall all the more tragic. According to data from Miller Samuel, Harlem saw only 83 co-op and condo sales in the first two quarters of 2009, a more than 51 percent plunge compared to the 171 sales from the same time last year. But at least one bold and unique new project is coming to market and could be a new bellwether for future residential activity there. Indeed, strong sales at PS90 Condominiums -- a $40 million conversion of a century-old public school that just opened its sales office last month -- could be an important boost for the Harlem market. more
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