PS90 condominiums: A test case in Harlem

<i>Former schoolhouse conversion could be bellwether for uptown sales</i>

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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.

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