Page 2 of 9 FirstFirst 123456 ... LastLast
Results 16 to 30 of 133

Thread: Harlem Residential Development

  1. #16
    The Dude Abides
    Join Date
    Jan 2005
    Location
    NYC - Financial District
    Posts
    4,418

    Default

    From http://cityrealty.com/new_developments

    New jazzy development in Harlem with have self-cleaning facade 15-JUN-06



    A striking new mid-block building designed by Gryzwinski Pons, the architects of THOR (The Hotel on Rivington), a major new tower at 107 Rivington Street on the Lower East Side, is planned for 306-8 West 116th Street between Frederick Douglass Boulevard and Manhattan Avenue.

    The building will be distinguished by a bright white façade of a concrete aggregate with titanium dioxide that is reputed to be self-cleaning.

    Matthew Gryzwinski told CityRealty.com today that the façade material was employed by Richard Meier in his design of the Jubilee Church in Rome, but, to his knowledge, has not previously been used in this country.

    The asymmetrical fenestration pattern of the street facade is beautiful and jazzy and would make Piet Mondrian boogie.

    The building will have 15 residential condominium apartments including a three-bedroom duplex garden apartment and a three-bedroom duplex penthouse and two one-bedroom units. The remainder of the apartments will be two-bedroom units with about 1,000 square feet each.

    The building will have an asymmetrical façade that will have an open shaftway behind part of it that will create a strong sense of depth and screening. The rear of the building will have balconies.

    The developer is the NCC Corporation.

    Excavation is underway and construction is expected to start by the end of the summer with completion in the Spring of 2007.

    Gryzwinski Pons is the architect also for 115-119 Norfolk Street, a 7-story building with 24 apartments that is being developed by Zeyad Aly. 115 Norfolk Street will be distinguished by an open-top atrium entrance and by its random design of fretted glass windows. The atrium is slightly off-center to the south of the building’s frontage on Norfolk Street. The atrium will be enclosed in glass on Norfolk Street but its west wall is angled upwards and towards the west and rises a bit above the roofline. The atrium’s top is open to the sky and the angled west wall is somewhat reminiscent of the Austrian Cultural Institute at 11 East 52nd Street designed by Raimund Abraham and opened in 2000.

    Apartments that overlook the atrium will have the same fretted glass windows as the Norfolk Street façade. Mr. Grzywinksi said that these windows will have random "cloud" shapes in angled fretted designs. This decorative touch is somewhat reminiscent of Lindy Roy’s sinuously-shaped balcony "amoeba-shaped" scrims for a new project now under construction at 519 West 23rd Street known as Highline 519.

    It is one of three new projects on that Norfolk Street block that are quite radical and are likely to make it an important “destination” street for lovers of contemporary architecture.

    The most advanced project is the "Switch" building at 109 Norfolk Street, a 7-story building designed by Narchitects. Its zig-zag façade of angled floors facing Norfolk Street is now nearing completion.

    The largest of the three new projects is "Blue" at 105 Norfolk Street, now under construction. This 16-story building, designed by Bernard Tschumi, has an angled façade of different shades of blue glass.

  2. #17
    The Dude Abides
    Join Date
    Jan 2005
    Location
    NYC - Financial District
    Posts
    4,418

    Default

    Harlem rental developers start their Uptown strut

    Harlem becomes fresh frontier for rental properties, often without building incentive programs


    By Steve Cutler

    Valerie Dominguez atop the Stamford For the most part, developers held out for government subsidies before building new rental properties in Harlem.

    But as the Manhattan rental market picks up once again, some major property owners are jumping into the market-rate bracket above 110th Street after deciding it's the best part of town for growth of their rental portfolios.

    "A critical mass has been reached in the renaissance of Harlem," according to Chris Halliburton, head of Warburg Realty's Harlem office. "There is a greater inclination by developers to buy and hold or build and hold."

    Harlem has proven itself to be stable, and there's still room to grow, making it a better long-term value than most of the rest of Manhattan

    Developers figure, says Halliburton, "I don't need to build a building and take all the money out of it. Let me build it, rent it out and hold on to it."

    CGS Builders, a Brooklyn-based developer, built mostly condominiums in its six-year history. One of its projects, Senneca Terrace, at 324 East 112th Street, sold its apartments for the highest price in East Harlem to date -- about $600 a square foot. But its latest project in the neighborhood is a rental, the Stamford, at 414 East 120th Street between First Avenue and Pleasant Avenue.

    "I decided I wanted to divide my production," says Cheskel Schwimmer, principal of CGS Builders, "to do some of it for immediate cash out and some of it long-term. And I believe this area over the long term will appreciate a lot."

    Schwimmer, who bought the site for the Stamford two years ago, prefers East Harlem, he says, "because the cost of land is lower relative to the west side of Harlem. And the retail coming up on 116th will add value to the neighborhood as well." Costco and Home Depot will anchor a shopping mall on East 116th Street and the F.D.R. Drive.

    According to the Corcoran Group's Valerie Dominguez, the leasing agent for the six-story Stamford building, "We had our first showing July 23 and we rented all but four [of the 12 units] in two weeks," to a clientele that's very new to East Harlem: "We have a doctor, consultants, teachers, an MBA from Yale." The building was fully leased by mid-August.

    The project has amenities rare in Harlem: a roof deck, stainless steel appliances, nine-foot ceilings and a washer/dryer in every apartment. Apartments start at $1,900 a month for a 677-square-foot one-bedroom with home office and small balcony. First-floor duplexes have landscaped gardens and the studio penthouse has a 300-foot terrace with unobstructed views.

    CGS Builders is planning another small development of around 20 units, which will probably also be a rental, on East 119th Street between Second and Third avenues.

    Small projects are typical in Harlem. According to Joseph Tahl, co-principal of Tahl-Propp Equities, a major Harlem property owner, "When you hear of a new project Downtown, it's a 40-story building with 500 units. When you hear about a new project in Harlem, it's a six-story building with 22 units."

    Tahl says the limited supply of luxury-class rental units in Harlem makes new rental construction a good prospect.

    "The rental market in Harlem is incredibly strong, because every day there's a huge number of additional people who consider living here," he says. "But the supply of high-end market-rate housing is tiny. I bet you don't have 500 units that are truly market-rate."

    According to Tahl, at least 95 percent of the housing in Harlem is "affordable," including rent-controlled, rent-stabilized, tax credit, HUD, low-income and moderate-income.

    "So little of it is market rate, granite countertops, stainless steel appliances -- and the demand for that is growing so fast that any of it you put up gets rented out immediately at very good numbers," he says.

    Tahl-Propp just bought two six-story rental buildings on Fifth Avenue at 111th Street with 150 apartments and 50,000 square feet of retail for $28 million. Almost all of the units will be tied up in income-restricted programs for many years.

    Another important Harlem developer, Artimus Construction, is currently marketing a boutique rental building, the Metro, at Frederick Douglass Boulevard and 116th Street, a gentrifying section of Harlem just east of Morningside Heights. The building has 12 market-rate apartments, fitted out in high style: cherry hardwood floors, high ceilings, stainless steel kitchens, granite countertops and marble baths.

    The apartments range from $2,000 a month for a one-bedroom to a three-bedroom penthouse with private roof deck for $4,000. Prudential Douglas Elliman's Michelle Mizrahi, sales agent for the Metro, says the penthouse rate shows the boost in pricing in the area. "Three years ago, the same apartment would have rented for $2,500."

    Artimus is about to begin construction on a hybrid condo/rental building, the companion to its Manhattan Court, a 123-unit mixed-income rental building at 444 Manhattan Avenue between West 118th and 119th streets, now fully rented. The new building, called Susan's Court, will allow Artimus to charge market rates for a higher percentage of the apartments -- 20 percent versus 10 percent at Manhattan Court.

    Ken Haron, president of Artimus, prefers working with government programs for his larger rental projects.

    "Rentals are very strong," he says, "but I wouldn't build a 120-unit, all-market-rate apartment building. Right now, Harlem is not at the point where the rent can carry the cost of acquisition, construction and mortgage without subsidies. But we're optimistic it will be soon."

    Copyright 2003-2005 The Real Deal.

  3. #18
    The Dude Abides
    Join Date
    Jan 2005
    Location
    NYC - Financial District
    Posts
    4,418

    Default

    Living In | East Harlem

    Making All Stops, From Reasonable to Ritzy


    LANDMARK
    Protected houses on East 118th Street in transit-friendly East Harlem, which has a rich residential market but still lacks shopping.

    By CLAIRE WILSON

    Published: September 10, 2006

    FIVE years ago, no one would have bet on a housing renaissance in East Harlem, or on the farthest reaches of the Upper East Side as the next hot neighborhood.


    Multimedia


    On the Market

    Related

    Community Profile


    Map of East Harlem.


    Well, it’s not exactly on fire just yet, and the hipster element hasn’t discovered it. But more people are finding their way every day to the wealth of apartments springing up on the banks of the East River between 96th and 125th Streets and along tree-shaded blocks between the river and Fifth Avenue.

    The city has set aside some new units for people of low and moderate income, but outside of those, there is a vast selection of rental apartments, condos and co-ops.

    They run the gamut from spacious no-frills units without amenities like doormen or gyms, to One Carnegie Hill, a half-condominium, half-rental tower with a pool, pet spa, people spa, outdoor barbecue pits, roof deck and children’s playroom.

    With two-bedroom, two-bath units priced at $1.32 million to $1.495 million, One Carnegie Hill is at the top of the market. Also, it is at 96th Street — more Upper East Side than East Harlem.

    But farther north, prices can be as reasonable as $400,000 for a one-bedroom condo or $699,000 for a 1,345-square foot, three-bedroom, three-bath unit with 500 square feet of outdoor space.

    Price, above all, is the driving force for change in the neighborhood, which has long been considered one of the city’s poorest and is still very short on services like retail shops and restaurants.

    According to Valerie Dominguez, a broker with the Corcoran Group, East Harlem buyers are willing to trade those things, and building luxuries, for bargains on extra space. “They will give up the doormen and gem amenities and buy just the apartment,” she said. “People are coming up here for value.”

    What You’ll Find

    East Harlem has 13 public housing projects, one of the largest concentrations in the city, with a population of 35,000. Among these are blocks of former tenements and brownstones, some refurbished, like the row declared a landmark on the north side of East 118th Street between Pleasant Avenue and First Avenue.

    Few are as grand as their West Harlem counterparts, but they are much cheaper to buy when they come onto the market, and fixer-uppers are still available. Buildable vacant lots are disappearing quickly. Many of the remaining ones have been turned into gardens which, at this time of the year, are filled with tomatoes, basil and sunflowers.

    A majority of East Harlem residents are young Hispanic families, many of them immigrants. New strictly regulated housing built by private developers with city-assisted financing offers both rental and purchase options.

    Town houses on East 118th Street between Madison Avenue and Fifth Avenue, for instance, are for sale as part of this arrangement. Apartments in the Hampton Court, a 230-unit complex built by Glenwood Management, or the 238-unit Aspen, built by BFC Partners and L & M Equity, are for rent. Twenty percent of these rental units are reserved for low-income tenants; in exchange for these, the developer gets either a parcel of city-owned land free of charge, or state- or city-issued bonds to finance low-interest loans.

    Sonya O. Pua Scott, a broker with Citi Habitats, says newcomers represent a cross section of city workers, court officers, artists of all kinds and young professionals. “Most people are singles,” said Ms. Scott, who lives in the neighborhood. “Or they are young couples with newborns.”

    At the Palm and the Rio, two new subsidized middle-income co-op buildings on East 119th Street built by the Briarwood Organization, 52 of the 110 units sold by lottery went to single professional women, said Vincent Riso, president of the company.

    Singles also abound at luxury rental buildings like the Stamford, said Ms. Dominguez of Corcoran, adding, “We have three Ivy League attorneys, a surgeon and a doctor, all in their 20’s.”

    Being fresh out of college or graduate school, with high incomes but no credit history, some end up in East Harlem by default after being rejected by buildings downtown, Ms. Dominguez explained.

    Michelle Gabriele-Plaia and her husband, Leonardo Plaia, looked for a year before buying a $560,000, 1,250-square foot one-bedroom duplex condo on East 112th Street earlier this year. They had rented nearby for three years and liked the neighborhood, deciding to stay because of the easy commute by car for Ms. Gabriele-Plaia, a fitness trainer in Scarsdale, and Mr. Plaia, who manages a restaurant in Manhasset, on Long Island.

    “There is always a parking spot when I come home,” she said.

    What You’ll Pay

    There are four apartments still available at the Crown, a nine-story, 30-unit condominium complex at Second Avenue and East 110th Street. According to Christopher Halliburton, executive vice president of Warburg Realty Harlem, they include a 2,800-square-foot four-bedroom, four-bath triplex with 1,100 square feet of outdoor space and two parking spaces for $3.5 million, and a 900-square-foot, two-bedroom, two-bath unit for $600,000.

    Town houses on the market include a four-story, nine-room brownstone on East 101st Street listed by the West Harlem broker Willie Kathryn Suggs for about $1.3 million.

    Two-bedroom, two-bath units in most new buildings rent for $2,500 to $3,000 a month. Of the new regulated town houses for rent, two-bedrooms cost $1,700 to $2,000 a month, according to Ms. Scott of Citi Habitats.

    The Commute

    Easy access to subway express trains makes East Harlem convenient for commuters to all Manhattan business districts and downtown Brooklyn. The Nos. 2, 3, 4 and 5 express trains stop at 125th Street, and the No. 6 train offers local service along Lexington Avenue.

    Crosstown buses along 96th, 106th, 116th and 125th Streets meet buses running north and south along the avenues, and there is a Metro-North Railroad station at 125th Street and Park Avenue. Some new buildings offer shuttle buses to the subway. There is also a direct bus, the M60, to LaGuardia Airport.

    What to Do

    The 18-month-old Harlem Tea Room, in a new apartment building at the corner of Madison Avenue and 118th Street, is one of a growing number of new restaurants and bars catering to changing tastes in the neighborhood. The cuisine scene had until recently been dominated by small ethnic restaurants and legendary Italian eateries like Patsy’s Pizzeria and the exclusive Rao’s, where nobody who isn’t somebody ever gets a table.

    Patricia Clayton, who owns the tea shop and lives in the neighborhood, serves light fare like sandwiches and pastry. Other alternatives include Camarades, which serves tapas; Orbit East Harlem, which has an eclectic menu; Ricardo Steak House; Piatto d’Oro, with its Italian specialties; and MoBay, which offers Caribbean food.

    Shoppers in the area will have a Target close at hand when it opens in the 475,000-square-foot East River Plaza in 2008 — on a site originally considered by Costco. The Home Depot will also open at the center, a joint venture of the Blumenfeld Development Group and Forest City Ratner.

    (Plans to build a 220-room Marriott Courtyard hotel at 125th Street and Park Avenue have been scrapped, according to a company spokeswoman.)

    Besides Central Park spread out at its feet, East Harlem has the 20-acre Marcus Garvey Memorial Park on Madison Avenue between 120th and 124th Streets, as well as the 15-acre Thomas Jefferson Park, which is bounded by First Avenue, the Franklin Delano Roosevelt Drive, 111th and 114th Streets.

    Both parks have pools and recreation centers with fully equipped gyms, weight rooms, computer rooms, basketball and volleyball courts, tracks, soccer fields and dance instruction, among other things. The Pelham Fritz Recreational Center at Marcus Garvey also has a senior center.

    The Schools

    East Harlem parents have an array of public schools for children in the lower grades and middle school but fewer choices at the high school level. Many of these schools have fewer than 500 students, and some have fewer than 300.

    A number are new charter schools and some are specialized, like the TAG Young Scholars School on East 109th Street, which teaches kindergarten through Grade 8 and has about 430 students. Of fourth graders there, 100 percent scored at or above grade level in both math and English. Among eighth graders, 91 percent scored at or above grade level in math, 73.5 percent scored at or above grade level in English and 98.5 percent scored at or above grade level in science.

    Another specialized school is the Manhattan Center for Science and Math, on Pleasant Avenue, which teaches Grades 7 through 12. Students there taking the SAT in 2005 scored an average of 455 on the verbal section, compared with 497 statewide, and 508 on the math section, compared with 511 statewide.

    Roman Catholic schools include two that teach kindergarten through Grade 8. They are St. Bernard’s School on East 98th Street and St. Ann’s School on East 110th Street.

    The History

    City lore most often ties East Harlem to its thriving Puerto Rican population, from which came the familiar name El Barrio.

    But according to the Encyclopedia of New York City, all of Harlem, East and West, was once home to a Jewish community second in size only to the Lower East Side’s. In about 1917, there were some 90,000 Jewish residents living uptown, side by side with Italian immigrants who started arriving in the late 1880’s.

    The Puerto Rican influence grew most rapidly in the 1920’s through the 1950’s. The area now has a large Mexican population, although it is becoming more mixed.

    What We Like

    The wide streets, broad sidewalks and low-rise buildings, including a great deal of the new construction, make the neighborhood feel much less crowded than some other places in a densely populated borough.

    Going Forward

    East Harlem will be more desirable to live in once the retail and restaurant scene starts to catch up with residential development and the tastes of an ethnically and economically diverse population.

    Copyright 2006 The New York Times Company

  4. #19
    The Dude Abides
    Join Date
    Jan 2005
    Location
    NYC - Financial District
    Posts
    4,418

    Default

    From http://cityrealty.com/new_developments:

    New Harlem condo with large entrance marquee and curved front 08-SEP-06



    Construction is underway at 8-story building at 50 West 127th Street between Fifth and Lenox Avenues in Harlem.

    The building will have a curved metal-and-glass entrance marquee and the center of its limestone façade is curved and surmounted by a large pediment. The east and west sides of the building have curved Juliet balconies.

    Jeffrey Bennett is the developer and Concept 3d, of which Damir Sehic is a principal, is the architect.

    The building, which has a double-height lobby, elevator, fitness center and doorman, is expected to be ready for occupancy early next year.

    It will have 23 residential condominium apartments ranging in size from one- to three-bedrooms.

    One-bedroom apartments have 835 square feet and are priced initially from $550,000 to $635,000. Two-bedroom apartments range in size from 1103 to 1,756 square feet and in price from $805,000 to $1,475,000. Three-bedroom apartments range in size from 1,763 square feet to 1,949 square feet and in price from $1,400,000 to $1,450,000.

    Four of the apartments are duplex units, two of which have gardens. Two apartments have two balconies each and two have two terraces each.

    The building has central air-conditioning, mahogany tilt-and-turn windows from Germany and apartments have washers and dryers, Sub-Zero stainless-steel refrigerators, Viking stainless-steel duel fuel ranges, Miele dishwashers, Italian kitchen cabinetry by Poliform and marble kitchen countertops.

    The building has 10 parking spaces that can be purchased for $65,000 each, according to Robert D. Dienes of Brown, Harris, Stevens.

  5. #20
    The Dude Abides
    Join Date
    Jan 2005
    Location
    NYC - Financial District
    Posts
    4,418

    Default

    From http://cityrealty.com/new_developments:

    Occupancy at Brownstone Lane II expected by end of the year 13-SEP-06



    The Brownstone Lane II project at 313 West 119th Street in Harlem is "recreating" traditional brownstone townhouses in a single mid-block structure that will be connected by a garden to a 8-story apartment building on 120th Street.

    The development will have more than 50 condominium units and occupancy is expected by the end of this year.

    According to David Gross of GF55 Partners LLP, the architectural firm for the development, “the two residential buildings of six and eight stories are devised as separate architectural entities that are sympathetic to the design specifications of their respective streets.”

    “Although the structures are autonomous, they are intimately linked through a glass and brick solarium that opens onto a common courtyard at the center of the block to foster a sense of community and sanctuary. A future underground parking garage will serve as a further connection point between the two residential buildings,” Mr. Gross told Cityrealty.com.

    The brownstone building fronting on 119th street is expressed architecturally as individual townhouses although the site is actually a single building. The four-story frontage is designed with a fifth and sixth story set back “to capture the classic townhouse height and fit that is distinctive in the neighborhood,” Mr. Gross maintained, adding that “the duplexes on the ground and second floor extend from the street to the rear yard, while the third and fourth floors are composed of flats.

    The “brownstone” residents use pediments, cornices, entablatures and other architectural elements to recreate classic Harlem brownstones and complement those, also designed by GF55, on the south side of 119th Street.

    The eight-story building fronting 120th street is has a very large and impressive entrance marquee flanked by wall lanterns, a two-stone limestone base, numerous balconies, and sidewalk landscaping.

    The 8-story building will have a 24-hour doorman, a fitness room, a children’s play area, storage facilities, and a garage.

    Brownstone Too Equities LLC, of which Eytan Benyman is a managing member, is the developer and the builder is Artimus Construction Inc.

    ***

    More info here

  6. #21

    Default

    I just moved to Morningside Drive, on the hill above Harlem, which is exploding with development. I can count at least seven new condo developments from my window, and two giant cranes have sprouted in the last week alone...

  7. #22

    Default

    Quote Originally Posted by czsz View Post
    I just moved to Morningside Drive, on the hill above Harlem, which is exploding with development. I can count at least seven new condo developments from my window, and two giant cranes have sprouted in the last week alone...
    Photos please.

    P.S. Great views from that location. Moriningside park is a gem:coincidently, I happened to be there this afternoon - walking the dog. Glad to hear about the move!
    Last edited by infoshare; September 19th, 2006 at 11:23 PM.

  8. #23
    Senior Member
    Join Date
    Sep 2004
    Location
    New York City
    Posts
    195

    Default More fun in East Harlem

    Grzywinski Pons Architects has another new residential development on their website listed as "Under Construction" in East Harlem on 118th Street. Again, I really like their work!
    Attached Thumbnails Attached Thumbnails Click image for larger version. 

Name:	residential_15.jpg 
Views:	476 
Size:	36.5 KB 
ID:	2460  

  9. #24

    Default

    I had the opportunity this past weekend to visit the Kalahari sales office this past weekend. I found out some very interesting things. First of all let me say that the finishes are top of the line. It is a green building so everything is sustainable and renewable. Subterranean parking, fitness center, reception room, zip car membership, plenty of park space. Many of the apartements come with your own outdoor space. 24 hour attendant.

    The building is great, the price tag is very steep. I could not afford to live in this building, however I did apply for the lottery to get one of the 50 middle income apartments in the building. Otherwise I would not be able to walk into that place. Market rate for a 1 bedroom - $685k.

    I like the idea, I like the concept, I like the design...the neighborhood will pick up. What I don't like is the pricetag. We have had this discussion on gentrification several times and this is just the latest in the reshaping and recoloring of harlem.

  10. #25
    http://tinyurl.com/2ag28z Front_Porch's Avatar
    Join Date
    Jul 2006
    Location
    Manhattan 90210
    Posts
    1,413

    Default

    Quote Originally Posted by virtualchoirboy View Post
    I could not afford to live in this building, however I did apply for the lottery to get one of the 50 middle income apartments in the building.
    I believe that the Kalahari, like many Harlem buildings, offers preference for current Harlem residents. If you're serious about winning a spot, rent in the neighborhood for a year if you don't already.

    ali r.

  11. #26

    Default

    Quote Originally Posted by kurokevin View Post
    Grzywinski Pons Architects has another new residential development on their website listed as "Under Construction" in East Harlem on 118th Street. Again, I really like their work!
    Their designs are incredibly ultra-modern, which is very refreshing in this city. Most cities around the world have started building these types of buildings, and it's good to see we'll get some of our own too. Hopefully it starts a trend, so that other firms change their style too.

  12. #27
    The Dude Abides
    Join Date
    Jan 2005
    Location
    NYC - Financial District
    Posts
    4,418

    Default

    Central Park North is about to blow away the record for highest price ever paid for an apartment in Harlem. Full article here.

  13. #28
    The Dude Abides
    Join Date
    Jan 2005
    Location
    NYC - Financial District
    Posts
    4,418

    Default

    GlobeSt.com

    Last updated: September 21, 2006 07:15am

    Two Multifamily Plays Top $360M

    By John Salustri

    NEW YORK CITY-The potential sale of Peter Cooper Village and Stuyvesant Town isn't the only indication of local multifamily's allure, and while yet another major complex goes on the block, another comes off--both carrying hefty valuations.

    The East Harlem Portfolio, a collection of 48 mixed-use and residential buildings in East Harlem, is on the auction block, and sources close to the deal are valuing the property at $250 million. The assets, located on the East Side between FDR Drive and Park Avenue and stretching for 22 blocks north of East 100th Street, have a total of 1145 units. This includes four commercial and three residential condos.

    Eastern Consolidated chairman Peter Hauspurg and senior director Marcia Rose Yawitz are marketing the portfolio for owner Steven Kessner of the Real Estate Group. The sale, according to Yawitz, represents the group's total income-producing assets.

    With Harlem housing virtually saturated, says Yawitz--the fruit of its much-touted renaissance--"East Harlem is the next place," she says. And that means rent potential, she notes. More than 940 units in the complex are rent-stabilized and 42 are rent-controlled, but of the 204 units that are market rent, Yawitz sees a maximum potential rent roll of as much as $25 million.

    The average rent is $1200 for stabilized units and $1863 for market-rate homes, she says, explaining that the average per-sf rent ranges from $33 to $36. "There's approximately 700,000 sf rentable sf," Yawitz calculates.

    In addition to the condo and rental spaces, there are also 61 ground-floor retail sites throughout the complex. "There's very little retail vacancy," Yawitz tells GlobeSt.com. "But where there is upside potential for larger, higher profile retailers along the main avenues and cross streets, ownership is exploring those possibilities."

    Meanwhile, Denver-based apartment REIT Archstone-Smith revealed this morning that it has landed Key West, a 207-unit, 13-story high-rise community here. Details on the sale are slim, but in a statement, the trust reveals that the $110 million price will be funded primarily through the tax-deferred gain of sales of non-core apartment communities.

    Copyright © 2006 ALM Properties, Inc.

  14. #29

    Default don't expect anything

    Quote Originally Posted by Front_Porch View Post
    I believe that the Kalahari, like many Harlem buildings, offers preference for current Harlem residents. If you're serious about winning a spot, rent in the neighborhood for a year if you don't already.

    ali r.
    this kind of lottery is a joke. one of my friend applied everytime in the last 10 years. he did get selected many times. but the good units always go to local harlem residents. and he is always offered a studio or 1-bedroom for his entire family. so he could never purchase a place, our city tax end up always benefiting harlem guysalso, the city-assigned broker who handle the lottery process decide who will be called in to select units. so if this broker is not your friend, go away!

  15. #30

    Default

    At 4 east 102nd street, a permit was submitted for a 39 story, 564 foot building, with SOM being the architect.

    http://a810-bisweb.nyc.gov/bisweb/Jo...bhous=&allstrt=

    Anyone know what's going on?

Page 2 of 9 FirstFirst 123456 ... LastLast

Similar Threads

  1. Greenways and Waterfront Development
    By Edward in forum New York City Guide For New Yorkers
    Replies: 198
    Last Post: July 21st, 2015, 01:30 AM
  2. A Gay Bathhouse in Harlem? Hey, It's No Secret
    By Edward in forum New York City Guide For New Yorkers
    Replies: 7
    Last Post: January 12th, 2012, 12:56 PM
  3. Replies: 7
    Last Post: April 26th, 2011, 04:09 AM
  4. Views of Harlem
    By Edward in forum New York City Guide For Visitors
    Replies: 21
    Last Post: May 24th, 2009, 12:33 AM
  5. Third Avenue Bridge - Across Harlem River
    By Edward in forum New York City Guide For Visitors
    Replies: 0
    Last Post: February 10th, 2002, 06:36 PM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


Google+ - Facebook - Twitter - Meetup

Edward's photos on Flickr - Wired New York on Flickr - In Queens - In Red Hook - Bryant Park - SQL Backup Software