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Reading about a property is one thing; however, the only way to truly appreciate unique home and its special character is to see it for yourself. We invite you.
Open House Every Sunday 12:30 - 2:00 PM
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206 East 124 Street Condos
 206 East 124 Street Condominium features luxury apartments.
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Current trends: Condo Conversions not Co-ops
According to the latest Real Estate Statistics, NY state has approved only 12 buildings for residential co-op conversion so far this decade—and just two last year.In fact, condos outsold co-ops in the first half of 2006 in Manhattan—a notable feat, considering that more than 75 percent of the borough’s for-sale housing is co-op. In the first quarter of 2007, according to Miller Samuel, 1,771 co-ops traded hands to 1,703 condos—a near dead heat, all things considered.
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Record High Real Estate In Harlem
According to the latest statistics of recent real estate sales in Harlem & in particular Hamilton Heights, it appears that a recent Town House sale above 110th Street had broken the previous record. A recent deed filed with the city states a five story town house which is 20 feet wide with 8 bedrooms and five bathrooms sold for $3.89 Million in the area breaking the previous top sale by $1.3 Million in upper Manhattan. The owner had bought the house in 1993 for $292,500 in 1993.
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The Harlem Revival
 Scattered along the very busy and famous 125th Street corridor from Second avenue to Amsterdam Avenue
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Current trends: Condo Conversions not Co-ops |
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The News -
Latest News
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According to the latest Real Estate Statistics, NY state has approved only 12 buildings for residential co-op conversion so far this decade—and just two last year.In fact, condos outsold co-ops in the first half of 2006 in Manhattan—a notable feat, considering that more than 75 percent of the borough’s for-sale housing is co-op. In the first quarter of 2007, according to Miller Samuel, 1,771 co-ops traded hands to 1,703 condos—a near dead heat, all things considered.
The likelihood is slim that Manhattan will soon see again a co-op creation boom on a par with that of the late 1980’s. Condos remain the for-sale housing development of choice among developers, lenders and marketers; and even newer rentals have crept onto the scene. A lot of the newer condos have sprung from conversions of rental buildings. But even rentals remain a generally more appealing moneymaker for landlords than turning a building co-op; many Manhattan neighborhoods now command their highest rents ever. At this time, you find that vacant apartments can be rented at fair-market rents that are not stabilized,” said Arthur Weinstein, a Manhattan attorney who has been involved in residential conversions since the 1970’s. “Many landlords in the 1980’s went co-op just to take their apartments out of rent control or rent stabilization. Co-ops, not so much: The only co-op approved by the state this year in Manhattan—at 319-321 West 14th Street—has three units total. |
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Last Updated ( Tuesday, 11 November 2008 )
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Duplex is a single dwelling unit spread over two floors connected by an indoor staircase.
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Reading about a property is one thing; however, the only way to truly appreciate unique home and its special character is to see it for yourself. We invite you.
Open House Every Sunday 12:30 - 2:00 PM...
Geraldo Gual, Lic.#16000002557 Member of the National Association of Certified Home Inspectors 1831Madison Ave., Suite 2B New York, NY 10035 917.921.3542 ggual@aol.com www.gualhomeinspection.com ...
Rothschild & Pearl, LLP 245 Main Street, Suite 330 White Plains, New York, 10601 Phone: 914-461-0280 Fax: 914-461-2369 Alan H. Rothschild, Esq
Messrs. Rothschild and Pearl have each practiced law for more than twenty-five years, and have each achieved the lofty "AV" rating from Martindale-Hub...
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If you are looking for a location with history, flair, culture and affordability then Harlem may just be what you are looking for.
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