“NoHa” penthouse hits market for benchmark $4.3 million

The condo's asking price exemplifies gentrification in Central Harlem

New York /
Jan.January 16, 2014 02:27 PM

The owner of a penthouse condo at SoHa118 in Central Harlem is asking $4.3 million, more than any other home on the market in the neighborhood.

Brokers Mark Powell and Shlomi Reuveni of Brown Harris Stevens have the listing at 301 West 118th Street, according to the New York Daily News.  The Corcoran Group had the listing until the unidentified owner switched firms last summer, upping the asking price by a half-million dollars.

The 3,456-square-foot four-bedroom, four-and-a-half bath space is on the corner of West 118th and Frederick Douglas Boulevard. The apartment features two terraces, a balcony, custom cabinets and flooring, and a gas fireplace.

A Starbucks and a cleaner’s shop fill out the ground level at the 15-story residential-and-commercial building, which was developed by Artimus Construction on behalf of the Department of Housing Preservation and Conservation in 2008.

The expensive listing is a shift from the median selling price of homes in the area, at $759,000, foreshadowing a rise in Harlem home prices, the News said. Brokers re-branded the area as “NoHa” just last year, as The Real Deal previously reported. A 1,799-square-foot apartment next door at 301 West 118th Street sold for more than $1.8 million at the end of 2013, according to StreetEasy.

“We’re seeing an amazing trend of crowds from the Upper West Side coming to the Frederick Douglass Boulevard area,” Reuveni told the News. “The corridor offers a great opportunity and value.” [NYDN] — Angela Hunt


Related Articles

arrow_forward_ios
49 East 10th Street and Barbara Corcoran (Credit: Google Maps and Getty Images)
Corcoran to shut down office in building partly owned by Barbara Corcoran
Corcoran to shut down office in building partly owned by Barbara Corcoran
Corcoran President & CEO Pamela Liebman (Credit: Corcoran, Getty Images)
Welcome to Queens: Corcoran opens first borough outpost
Welcome to Queens: Corcoran opens first borough outpost
Rachel Glazer (Credit: BHS)
BHS’ top Downtown agent jumps to Compass
BHS’ top Downtown agent jumps to Compass
(Illustration by Kevin Cifuentes for The Real Deal with Getty Images, James Gagliardi of Modern Media)
PHOTOS: Brown Harris Stevens turns 150
PHOTOS: Brown Harris Stevens turns 150
(Getty)
Hamptons home prices dip, but North Fork’s hit another record
Hamptons home prices dip, but North Fork’s hit another record
Reed and Delphine Krakoff along with 54 East 64th Street (Getty, Google Maps)
Fashion bigwig sells townhouse for $36M after two price cuts
Fashion bigwig sells townhouse for $36M after two price cuts
200 East 83rd Street, Alexa Lambert, Alison Black, Shelton Smith
Naftali’s 200 East 83rd Street tops Thursday’s 10 priciest resi sales
Naftali’s 200 East 83rd Street tops Thursday’s 10 priciest resi sales
Brown Harris Stevens CEO Bess Freedman and Serhant's Ryan Serhant
Ryan Serhant offered to coach Brown Harris agents. It didn’t go well.
Ryan Serhant offered to coach Brown Harris agents. It didn’t go well.
arrow_forward_ios

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

Loading...