Harlem | The Real Deal New York

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Harlem

Harlem
New York, NY 10027

Harlem is a neighborhood in upper Manhattan, bounded by Central Park, Fifth Avenue, 155th Street, and the Hudson River, and sometimes described using the shorthand uptown. Subsections of the neighborhood include Morningside Heights, Manhattanville, Hamilton Heights, Central Harlem, and East Harlem. In the last 100 years, Harlem has functioned as a major center of African-American culture. However, land prices and rents in Harlem have risen in tandem with the rest of New York City since the financial crisis, contributing to the neighborhood ñturning overî, as longtime residents who cannot afford it move away and wealthier New Yorkers move in. Columbia University is building a 17-acre satellite campus in the post-industrial Manhattanville subsection of Harlem, scheduled for completion in 2016. New developments in Harlem include The Adeline, One Morningside Park on 110th Street, and Uptown 58 on 129th Street. Specialty and organic food purveyor Whole Foods is scheduled to open a grocery store on 125th Street and Lenox Avenue in 2016. -TA

  • Address Harlem
  • neighborhood Harlem
  • borough Manhattan

02/14/19
...Stellar Management’s rent-stabilized Riverton apartment complex in Harlem went into default in 2009, for example, because its value had been estimated based on...

02/13/19
...of 475 Exterior Street on the banks of the Harlem River, with the option to extend the lease for 49 years, according to the New...

02/13/19
...Central Harlem It was a telling moment for those fixated on Opportunity Zones. “Who the hell...

02/12/19
...The elevators of 1595 Madison Avenue in East Harlem Ivo Nikolic (Credit: LinkedIn) The head of the New York City Public Housing Authority's...

02/12/19
...new 20-story mixed-use building is headed to East Harlem, which already has a handful of major projects underway following the neighborhood’s rezoning...

02/12/19
...the Lower East Side and 123rd Street in Harlem. There’s a methadone clinic nearby on West 35th Street. And at night, the...

02/08/19
...percent. Notable deals included E&M Associates’ Harlem multifamily portfolio, which the firm sold to Sugar Hill Capital Partners for $270 million, and...

02/07/19
...price tags still exist. Two adjacent townhouses in Harlem were listed for $27 million in January, five times more than the neighborhood’s previous...

02/06/19
...spot, which went to a mixed-use building in Harlem from L&M Development Partners. The list also included two projects from Meir...

02/04/19
...The city rezoned Jerome Avenue, Far Rockaway, East Harlem and Inwood. In some cases, 32BJ representatives called for a wage requirement, even though...

02/01/19
...of their building at 1595 Madison Avenue in East Harlem. As the doors closed, the pair broke into a two-step dance, playfully bopping from...

02/01/19
...city,” she said. “It used to just be Harlem and Upper Manhattan. Now I have people coming to Concourse from Brooklyn, from Queens...

...of their building at 1595 Madison Avenue in East Harlem. As the doors closed, the pair broke into a two-step dance, playfully bopping from...

...price tags still exist. Two adjacent townhouses in Harlem were listed for $27 million in January, five times more than the neighborhood’s previous...

...Stellar Management’s rent-stabilized Riverton apartment complex in Harlem went into default in 2009, for example, because its value had been estimated based on...

...Central Harlem It was a telling moment for those fixated on Opportunity Zones. “Who the hell...

01/31/19
...Google Maps)  Another day, another refinancing of a Harlem multifamily portfolio owned by Isaac Kassirer's Emerald Equity Group. The real estate firm landed...

01/31/19
...of West 123rd Street and Lenox Avenue in Harlem had finally been removed... after 14 years. There are currently more than 8,000 sidewalk sheds in...

01/31/19
...two branches in LES and two more in Harlem. Its headquarters remained at 66 Beaver Street, near Wall Street. Worker standing on a platform...

01/30/19
New York’s multifamily market may have almost died in 2017, but the optimism brokers had about a rebound in 2018 proved to be well founded. The...

01/29/19
...to refinance its Dawnay Day portfolio in East Harlem. It's the largest deal to date in the SBL program. The deal's value trumps...

01/24/19
...its huge Dawnay Day multifamily portfolio in East Harlem with a $189 million loan from Freddie Mac – the largest deal yet in the agency...

01/24/19
...has repositioned a former five-story SRO in East Harlem into an “adult dorm” with five 200-square-foot rooms and shared bathrooms. Rent ranges from...

01/15/19
...the company sold a six-story, 54-unit property in Harlem for $44 million to Akelius Real Estate Management. Stonehenge last year also refinanced a trio...

01/11/19
...The loans for 201 East 125th Street in East Harlem come from Citigroup, the Department of Housing Preservation and Development and the New York...

...East Harlem wears its heritage on its façades. In the heart of El Barrio, a...

02/24/17
...CORE’s haul fell to just one small Harlem project, and Town Residential, recently taken off Madison Equities, Building and Land Technology and...

...the five-year period, the most active acquirer was Harlem...

seppermitsfeature
10/06/16
...Bjarke Ingels’-designed 146 East 126th Street project in Harlem, with 233 units, were the next two biggest projects to move forward with approved plans...

...properties, including the $201 million Riverton Houses complex in Harlem in a deal brokered with the city. John Arrillaga -— the ‘A’ in the...

01/12/16
...demand,” said Beth Gittelman, head of sales at Harlem...

12/17/15
...affordable housing complex known as Riverton Houses in Harlem, a $201 million deal with the complex’s current manager, CW Capital. TRData, The Real...

...on Frederick Douglass Boulevard at 113th Street in Harlem. And as more Downtown firms migrate north, Saltzberg’s competition is intensifying. “We didn...

09/02/15
...Street, will rise on the banks of the Harlem River in the South Bronx. The largest residential filing of the month goes to...

08/04/15
...Joseph Chetrit now owns five acres along the Harlem River, where he and Somerset Partners plan to embark on a market-rate residential project...

...Midtown or Downtown, Regus is also expanding to Harlem, said Maria Paitchel, regional vice president overseeing the company’s New York market. Regus...

...-unit rental property at 64-75 125th Street in Harlem and 12 East 13th Street, a condo conversion of a former parking garage in Greenwich...

...amp;M Associates. The six-story walk-up in Central Harlem, between 137th and 138th streets, has 16 units. The company has three open cases in...

...strong presence in Soho, the Meatpacking District and Harlem, and broadened its presence in all three. The largest purchase was the partnership with...

...and rock-star types,” Bay said. Priciest sale for Harlem historic district 221 West 138th Street Harlem’s St. Nicholas Historic District, a three-block area...

...East River Plaza, a 527,000-square-foot mall in East Harlem, brings in just over $21 million per year. More competition coming While all of these...

...not make the returns they hoped for. At Harlem’s 1,802-unit Savoy Park apartment complex, which Vantage purchased in 2006 for $175 million, the developer...

...one additional location on the East Side.” In Harlem, Elliman has a significant stronghold, but Halstead Property is gaining ground. According to StreetEasy...

...of its offices — at 2235 Frederick Douglass Boulevard in Harlem and at 65 West 13th Street. But when it comes to number of agents, Peters...

...later in the year on 125th Street in Harlem. The Union Square location, Burlington’s sixth in New York City, opened in September...

...Gramercy Park and another on Manhattan Avenue in Harlem — will add an additional $36 million worth of listings to the firm’s total, he...

...Core’s sales business runs the gamut from Harlem to the Financial District and from co-ops to new-construction condos. Indeed, it appears to...

...DeVivio, Halstead's director of sales for Riverdale and Harlem, is upbeat on the Bronx, where he expects 2010 closings to total about $60 million by...

...who in August sold a multifamily property in Harlem, 2640 Frederick Douglass Boulevard, for $11.5 million. He and Lederman together own additional apartment buildings, including...

...Suites Times Square at 334 West 40th Street. Meanwhile, Harlem has Aloft Harlem set to open in July, and Midtown East has three hotels...
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...The dollar volume for single-family sales in East Harlem doubled in 2016 to $112 million from $56 million in 2015. Median home price and rental prices have...

Ariel Property Advisors
...purchase of the Riverton housing complex in Central Harlem for $201 million. The deal included nearly 1,000 affordable housing units. View the full report here...

New York Price Per Square Foot 2004 to 2014 thumb
...square foot in 2004 to $1,015 in 2014. Rates in Central Harlem rose 102 percent from $351 per square foot to $709 during this period. Read the full story...

...from the previous month to 8,663 units in July. Harlem had the greatest year-over-year growth, with average rents up 17.9 percent to $2,757. View the full...

...from February to $3,899 in March.  Rental prices in Harlem were up 17.7 percent year-over-year, the greatest price jump in the borough. View the full...

...percent and two-bedroom doorman apartments, which fell 3.7 percent. Harlem had the greatest year-over-year price increases. Rental prices in the neighborhood were up 8.5 percent...

...borough’s most significant growth was seen in Harlem, where rent prices for studios, one-bedroom and two-bedroom apartments rose 21.6 percent, 14 percent and 9.1 percent...