Thursday, September 12, 2013
☞ DWELL: Presale Picks Up for Harlem Condos
Further uptown, another smaller boutique brownstone-to-condo conversion in Hamilton Heights just sold all 4 units last month while still in the middle of a gut renovations. The Greyston development promises restored original details with a modern update and apparently buyers responded to updated, younger vibe. One would also have to point out the relatively moderate Harlem pricing which was probably an attractive factor also: LINK
After a couple of years at an adjustment period, the Harlem market appears to be quietly in demand again. Once Whole Foods officially breaks ground on Lenox, we predict that another boom in development will be starting in 2014 that will rival the initial growth phase several years back.