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East Harlem continues to drive interesting architectural developments. AFC Realty Capital's 2056 Fifth Ave., at 126th St., sold out 50% of its 22 homes without a sales office. That means they should sell more now that their fully functional on-site sales center and model is up and running. Sold by husband-and-wife team Jessica and Brian Armstead of Corcoran, 2056 Fifth will be ready for occupancy in April. "In Harlem, there aren't that many tall buildings," says AFC's Arthur Fefferman. "From the penthouses, you can see all the way to Yankee Stadium on one side and the George Washington Bridge on the other." Fefferman points out that there is nothing cookie-cutter in this historic Beaux Arts building that used to house a church congregation. Two-bedroom two-baths start around $945,000 and the large modern penthouses with glass-walled hallways fetch as much as $1,675,000 for 1,503 square feet. Visit 2056 FIFTH for more info.
And also construction this summer for a Mix-Rental project planned for a vacant lot
Rental project planned for vacant Harlem lot
By David Jones
Jonathan Rose Cos. and Urban Builders Collaborative said they expect to break ground this summer on an environmentally friendly mixed-income project called Kingsgate House, a 185-unit rental building at a long vacant site at Second Avenue and 124th Street.
The developers urged the City Planning Commission to approve to rezone the East Harlem site to allow for denser development. The site includes a mix of private and city-owned land that has been a vacant for more than 20 years.
The Real Deal - New York Real Estate News (http://ny.therealdeal.com/articles/8830 - broken link) ( I am glad since this vacant lot has been an eyesore for more than 20 years!)
Yes true...but with that kind of development, investment, demand, and rapid changes that are occuring, there are NUMEROUS other neighborhoods in the COUNTRY that can make a better case. There are still problems no doubt...but there are so many places with similar problems that are continuing to sink...
I disagree about East Harlem nomination as one of the crummiest place to live in the world. I think there are worst places in NYC and much worser in the USA. East Harlem is a neighborhood that still has some crime problems, especially in those housing projects, but slowly and surely is getting much better and more livable for people.
Dude let it go...you saw so many proofs that Harlem is rising up. The New York Times or other Newspapers always talking positve about this neighborhood. Because there is less negative to talk about. Think about...
"so many proofs"....gotta love NYC public schools! Krazy you should know that the newspapers earn the VAST majority of their revenue from placing ads, not from subscriptions..hence they push, in general, RE..as it directly and indirectly benefits them...remember..its all about the money.
What I find so shocking is the fact a lot of these condo developers get all this tax abatements and I thought they were suppose to set aside a small fraction of the apts at a discount for the folks in the area to purchase at a deep discount.
I have yet to find anyone living in East Harlem to have won an apt in any of these lotteries. I've lived in East Harlem 35 yrs and I know a lot of the long time residents and they're not winning in these so called lotteries.
I've done an address check on these buildings once the address is officially posted with the Post Office and the folks living in these apts are named Feinberg, Holtzman, Katzenburg, Chang, Horowitz, O'Reiley, etc. I don't see no JOHNSONs, JACKSONs, SANTIAGOs or RIVERAs.
I believe if people in the community are moving in, then we need to see whose winning at these lotteries cuz if you ask me, I think it's all BS. I see the Aspen that's on First Avenue having vacant apts. I call the management office to inquire and am told they have no vacancies and the apt that appears to be vacant is set aside for low income household. ISH, I know a lot of low income folks that would love to be able to move up in there. They have the apt available and they're just leaving it completely empty and these low income folks ain't doing nuttin about it.
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I am glad since this vacant lot has been an eyesore for more than 20 years!)
Think about...
