Harlem brownstone sells for $4M, snagging record

New York /
Jul.July 10, 2013 01:30 PM

Central Harlem real estate is starting to give Park Slope a run for its money. A townhouse at 2036 Fifth Avenue, between West 125th and 126th streets, just sold for $4 million – a record in the rapidly gentrifying neighborhood, the New York Daily News reported.

“This is not a surprise,” Faith Hope Consolo, chairwoman of Douglas Elliman’s retail group, told the Daily News. “This is a natural expression of where the trend is going.”

The property, listed by Corcoran Group’s Fabienne Lecole, is a triplex with a commercial duplex downstairs, a total of 8,000 square feet. The upstairs comes complete with two terraces, a modern gourmet kitchen, a family room with floor-to-ceiling shelving, a large dining room and a rooftop patio. The commercial space boasts hardwood floors, exposed brick walls and high ceilings.

The average brownstone in Harlem now sells for $1.65 million, the Daily News said.

Consolo told the Daily News that she expects that a Harlem brownstone could fetch $5 million by the end of 2013. [NYDN]Julie Strickland


Related Articles

arrow_forward_ios
2033 Fifth Avenue with National Black Theater CEO Sade Lythcott and Dasha Zhukova (Google Maps, Luxigon, Getty)
Harlem’s National Black Theater revives $185M project
Harlem’s National Black Theater revives $185M project
The 300 West 125th Street location of Buffalo Wild Wings is closing for good. (Google Maps, Getty)
Buffalo Wild Wings chickens out on Harlem lease
Buffalo Wild Wings chickens out on Harlem lease
Thor Equities Group Chairman Joseph J. Sitt. (Thor)
Thor facing foreclosure on Harlem rental building
Thor facing foreclosure on Harlem rental building
Webb & Brooker co-founder Eugene H. Webb (Getty)
Webb & Brooker co-founder Eugene H. Webb dies
Webb & Brooker co-founder Eugene H. Webb dies
317 Lenox Avenue (Google Maps)
David Werner acquiring Harlem office leasehold for $60M
David Werner acquiring Harlem office leasehold for $60M
Don Lemon and Tim Malone with their apartment at 2280 Frederick Douglass Boulevard
Making Lemonade: Don Lemon breaks even on Harlem condo sale
Making Lemonade: Don Lemon breaks even on Harlem condo sale
Savanna's Christopher Schlank and Nicholas Bienstock with 1825 Park Avenue (Savanna; Google Maps)
Savanna looks to sell Harlem office building for $75M
Savanna looks to sell Harlem office building for $75M
A rendering of 121 West 125th Street in Harlem (Photo via BRP Companies; Trader Joe's)
Trader Joe’s is coming to Harlem
Trader Joe’s is coming to Harlem
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...