isted as in Upper Carnegie Hill so does all of this alternative posturing help with sales? This 113-unit condo building has units selling in the $2 million to $3 million range for the most part and the Robert A.M. Stern-designed building has just sold out 100 percent in the past month. Most media outlets have stated correctly that this section of town is actually in East Harlem so are buyers really not doing their research? In our opinion, the Central Park North location is the big selling point along with the starchitect designs. Other parts of Manhattan such as the Lower East Side or West Chelsea have public housing in the immediate blocks and have developed rapidly during the housing boom and therefore the issue of being in East Harlem is a non-issue to those who do the research.
Most folks buying into a development like this would realize there is not much around in the immediate area besides the park and 3 sides of the building are directly facing some massive public housing projects. For the most part, folks who have this kind of money to spend on a condo probably just drive to and from their apartments and probably are not the type to take a stroll around the block. We also would gather when putting down a couple of million for a place to live, the majority of buyers will bypass the broker sales pitch and figure out where the neighborhood is actually located.