Central Park North development slowing

December 01, 2008 11:49AM

The 4,000-square-foot penthouse at the Athena Group’s
111
Central Park North sold for $8 million in April, breaking a Harlem sales record.
But
development And Sales Along 110th Street, also called Central Park
North, have
since slowed. The market isn’t there because there’s no neighborhood, said Charlie Lewis, a senior vice president at Warburg
Realty.
Several three-bedroom apartments are still for sale for around $2
million in
111 CPN, though most of the building’s units sold between
October 2007 and July 2008. But there are few other lots in the area
available for redevelopment.


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