Central Harlem

FOR RENT

active listings
$2,300 median
 
55 new listings,
20 rented
this week

FOR SALE

active listings
$489,900 median
 
8 new listings,
15 sold
this week

Map

Central Harlem, which includes the sub-neighborhoods of Mount Morris, Strivers’ Row and Astor Row, is a boom-and-bust neighborhood that is facing a new wave of gentrification. Traditionally a major African American residential, cultural and business center, Harlem saw an influx of artistic and professional works during the Harlem Renaissance in the 1920s and 1930s. However, the Great Depression caused a significant increase in crime and poverty rates in the neighborhood, causing a major drop in population and real estate prices. Currently, Central Harlem is experiencing social and economic gentrification, spurred by fierce crime fighting and retail development efforts along West 125th Street. Although unemployment and crime rates in Harlem remain higher than the New York City average and public education has considerable room for improvement, real estate in the area is booming. Amenity-stocked condos, brownstones and starter apartments at reasonable prices are attracting a “yuppie” crowd to the neighborhood. Central Harlem is experiencing a new renaissance, this time defined by gentrification, and only time will tell if it will be followed by another bust.

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1787 MADISON AVENUE

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On the web

about 6 hours ago
Come On Harlem, Nominate a Harlem Library So They Can Win First Ever Neighborhood Library Awards
about 7 hours ago
City Plans To Fix 125th Street, But Not For Residents

New Developments

239 West 135th Street in Central Harlem

239 West 135th Street

Central Harlem
Sales: 2 in contract and 28 previous
Rentals: 17 previous
Harlem Sol 121 at 121 West 131st Street in Central Harlem

Harlem Sol 121

Central Harlem
Sales: 4 previous
Park Place Condominium at 42 West 120th Street in Central Harlem

Park Place Condominium

Central Harlem
Sales: 1 active, 22 in contract and 2 previous
Rentals: 8 previous
The Ellison in Central Harlem
2 for sale   1 for rent
Madera in Central Harlem
Lancaster Madison in Central Harlem
1 for sale
The Marshall in Central Harlem
  3 for rent
2280 FDB in Central Harlem
  1 for rent
1481 Fifth Avenue in Central Harlem

Market Snapshot

As of 09:53 PM, May 24 2013

Condos

Beds  Listings  Median Price
Studio 25 $211,968
1 BR 69 $450,000
2 BR 87 $649,000
3 BR 17 $940,000
3+ BR 6 $1,287,500

Co-ops

Beds  Listings  Median Price
Studio - -
1 BR 8 $272,000
2 BR 18 $337,500
3 BR 9 $600,000
3+ BR 1 $599,999

New devs

Beds  Listings  Median Price
Studio 8 $229,154
1 BR 20 $387,500
2 BR 27 $485,000
3 BR 5 $925,000
3+ BR 2 $4,750,000

Rentals

Beds  Listings  Median Price
Studio 33 $1,400
1 BR 140 $1,750
2 BR 148 $2,397
3 BR 68 $3,500
3+ BR 32 $3,750