About Harlem

All of New York has a big heart and that is certainly true here in Harlem, where there exists a strong since of community. Harlem stretches north from 110^th to 155^th street and spans the island of Manhattan from the Hudson to the East River. Within these boundaries are several noteworthy areas and land marked buildings; Columbia University, Abyssinian Baptist Church, Harlem Hospital, Harlem World USA, the Apollo theater, the Studio Museum of Harlem, former President William Jefferson Clinton's offices are now here, and the Schomburg Center for Black Studies are but a few of the numerous icons within Harlem's borders.

Getting Here

Harlem is among the most accessible parts of Manhattan. Subway service includes the 1 & 9 trains, which run on Harlem's westside via Broadway, the A, C, B & D train run on St Nicholas Ave, the 2 & 3 through Harlem on Lenox Ave, and lastly there is the 4, 5, and 6 trains on the eastside of Harlem. There is also a Metro North train stop at 125^th street and Park Ave.

In addition to the trains, there are several local and express buses traversing Harlem at virtually every avenue and major cross-town street, and the FDR/Harlem River Drive and the West Side Highway/Sawmill Parkway provide easy access by car.

The Real Estate Market in Harlem

Shells are selling in the $200,000 to $350,000 price range, and financing is readily available with down payments as low as 5% of the purchase price. Closing cost may be financed within the loan package.

TLC, although not renovated, many are habitable and can be a work-in-progress for those with limited time and budgets. Prices range from $350,000 to $500,000. Dependant upon the Certificate of Occupancy and whether they can be delivered vacant, financing is readily available at competitive rates.

Turn key, all you have to do is move in and enjoy your new home. All the renovations have been done and in many instance there are tenants in the rental units. Priced from $695,000 and up depending on how deep your pocket is and location.

Co-ops, some HDFC are selling for a low as $10,000 a room and many are in spacious pre-war building featuring eat-n-kitchens, formal dinning rooms and abundant closet space. HDFC’s represent some of the best value available in Harlem and is a great alternative to a brownstone.

Multi-family, require competent management and capital to remove violations of record and/or renovations. Many of our lending sources will consider purchase transaction with 20% down, secondary financing or blanket mortgage transactions.

Studios, prices range from $600(rare) to $1,200 a month with the middle market being $850 a month. Most are renovated and feature hardwood floors, new kitchen and bathroom Heat, hot water and cooking gas are included in most.

One bedrooms, the market is about $1,500 per month for a 750 square foot apartment renovated in a brownstone. Most are renovated and feature hardwood floors, new kitchen and bathroom Heat, hot water and cooking gas are included in most. We occasionally get really nice one bedroom’s below $1,000 per month.

Two bedrooms range from $1,600 to $2,500+ per month depending on size (800 to 1200+ sq. ft) and amenities. I have had listings as low as $1,200 as recently as Nov. 2001. Most are renovated and feature hardwood floors, new kitchen and bathroom Heat, hot water and cooking gas are included in most

Three bedroom and duplex units, renovated three’s start at $1,800 and 2/3 bedroom duplex units with washer/dryer and backyards average $2,500+

Thank you for thinking of the Village of Harlem.

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