5th on the Park signed most 2011 Harlem contracts

A total of 41 contracts were signed at 5th on the Park, a new residential high rise on Upper Fifth Avenue, throughout 2011, the most out of any new development property in Harlem, Halstead Property Development Marketing, the exclusive sales agent for the building, announced today.

The development was closely followed in sales volume by 88 Morningside at 88 Morningside Avenue with 38 signed contracts and 2280 FDB at 2280 Frederick Douglass Boulevard with 31 contracts, which are marketed by Halstead and MNS respectively. (note: correction appended)

“This data reflects the value many buyers see in 5th on the Park,” said Stephen Kliegerman, president of Halstead Property Development Marketing. “With the combination of a first-rate sales team and the development’s intelligent design, luxurious amenities and prime location, we expect to maintain a brisk sales pace in 2012.”

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The remaining units at 5th on the Park are composed of studios and one-, two-, three- and four-bedroom apartments, ranging from 568 to 2,386 square feet and $395,000 to $1,725,000, Halstead said.

Halstead became the exclusive sales team for the development, between 119th and 120th streets, at the end of 2010, taking over from Griffin Real Estate Group, which had been marketing the project since the inception of sales in April 2007.

Other developments to have made it into the top 10 Harlem developments by sales volume include PS90 at 220 West 148th Street, 300 Frederick Douglass Boulevard, Pascal at 333 East 109th Stree, Embelesar 118 at 152 East 118th Street, Gateway Towers at 2098 Frederick Douglass Boulevard, Windows on 123 at 117 West 123rd Street and Parkside Flats at 362 St. Nicholas Avenue. — Katherine Clarke