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General sense of the building

Started by upperbuying
over 6 years ago
Posts: 7
Member since: Feb 2012
All the comments here are years old. Could someone who lives there tell me what it's like to live there (how you like the building/a[t quality generally, your neighbors and the neighborhood, the building staff, the amenities and maintenance of the amenities (the gym and roof decks primarily). Lots of families with kids or mostly singles, etc. Does anyone use the garage. I walked around the neighborhood last week. Why is there nothing (no shops etc.) on Malcolm X all the way down to the park? It's like a wasteland...and then adam clayton powell is packed. Very seriously considering this building. Thank you!
Response by Anton
over 6 years ago
Posts: 507
Member since: May 2019

excellent building, now the first round of lotto winners are about to sell and lock in the profit and move to somewhere for better schools, get ready to buy

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Response by UptownSpecialist
over 6 years ago
Posts: 139
Member since: May 2013

Streeteasy has changed up their format over the years, and these forums are now somewhat hidden in plain sight. Combine that with fewer posters on the discussion boards- especially Harlem and points north, and you probably won't get more than a few people responding on a timely basis.

The developer made some concessions in order to sell apartments, which may create some political pressures over time. They lowered the percentage of common interest in a number of apartments which creates a substantial inbalance within the building. For example, you can have a market rate 1 bedroom that has higher common charges and taxes than a market rate 2 bed, 2 bath unit on a nearby floor. The building also has a large % of restricted units- which might not be such a bad thing, because it limits the investor population from destablizing the building. I think prices in Central Harlem got ahead of itself for a few years- with a correction now fully in effect. I think $1,000-1,100/sq ft is likely a reasonable level for this building for the market rate units. The Adeline is a bit more of a premium building.

Lenox north of 116th st to about 128/129th st has changed quite a bit in the last 10-15 years. South of 116th st has been slow to change but little by little I think it's likely to catch up. There is 10 Lenox at 111th st- new development. You also have a prison closing on 110th st near Lenox- likely to become market rate apartments.

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Response by Anton
over 6 years ago
Posts: 507
Member since: May 2019

I think $800/sqft is fair

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Response by KeithBurkhardt
over 6 years ago
Posts: 2986
Member since: Aug 2008

This is a stones through from East Harlem. Not sure if I would call this central Harlem...

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Response by UptownSpecialist
over 6 years ago
Posts: 139
Member since: May 2013

Stones throw from East Harlem or not- Central Harlem is west of 5th Ave, and this is indeed west of 5th.

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