Real Estate News

Tahl Propp, Enterprise agree to keep 549 Harlem apartments affordable for 40 years Bellwether Enterprise is providing a $62.3M construction loan

Thursday, August 4, 2016

By: Kathryn Brenzel

The city has cut a $135 million deal with Tahl Propp Equities and others to renovate five affordable housing properties in Harlem and to keep more than 500 apartments affordable for the next 40 years.

Renderings Released for East Harlem High Rise on Vacant Lot

Wednesday, July 20, 2016

By:  Brendan Krisel (Patch National Staff)

EAST HARLEM, NY — Renderings have been released depicting a proposed 12-story apartment building approved for a vacant lot in East Harlem.

Plans were filed with the New York City Department of Buildings in 2014 and approved in 2015 for a new construction project at 94 E. 111 St. The address is also listed as 1516 Park Ave. The building would rise 12 stories and contain 44 residential units spread among 37,931 square feet, according to the plans. That's an average unit size of 862 square feet.

Seven-Unit Residential Redevelopment Underway on Former 11-Unit SRO Building at 4 West 126th Street, Harlem

Wednesday, July 20, 2016

By: Reid Wilson

Construction is now wrapping up on the redevelopment of the former four-story, 11-unit single-room-occupancy (SRO) building at 4 West 126th Street, in Harlem, Harlem+Bespoke reported. The property has been expanded by two stories and 595 square feet, according to the latest building permits. The six-story structure will eventually host seven residential units averaging 888 square feet apiece.

Checking In On 69 East 125th Street In East Harlem

Wednesday, July 6, 2016

BY: REBECCA BAIRD-REMBA

The 12-story rental building at 69 East 125th Street in East Harlem is getting close to its full height. The developers have sent along shots of the construction, which has reached the 11th floor along 125th Street.

For full article click here

Will East Harlem Remain the Caboose on Manhattan’s Real Estate Train?

Wednesday, July 6, 2016

By Adam Bonislawski

Excepting a brief post-2008 pause, Manhattan’s housing market has thus far in the new millennium marched so steadily toward unforeseen heights that it can feel like something of a shock to encounter a neighborhood not moving along in lockstep.

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Revealed: 13 East 128th Street, East Harlem

Wednesday, July 6, 2016

BY: REBECCA BAIRD-REMBA

A year ago, Exclusive Homes New York filed plans for a new residential building on a skinny lot at 13 East 128th Street in Harlem. Now, YIMBY has the first look at the project, which has been designed by Issac and Stern Architects.

For full article click here

Is It Time For Federal Anti-Gentrification Zones In NYC?

Wednesday, July 6, 2016

BY EMMA WHITFORD

The federal government should establish neighborhood anti-gentrification zones where vulnerable tenants could form cooperatives to purchase their apartment buildings away from predatory landlords, according to a policy report revealed today by Democratic State Senator Adriano Espaillat.

For full article click here

Thor Closes $75.5M Buy of Two Harlem Buildings

Wednesday, July 6, 2016

BY TERENCE CULLEN 

Thor Equities has closed its purchase of two commercial buildings in Harlem for a combined $75.5 million, Commercial Observer has learned.

The deal for 135 East 125th Street and 126 East 126th Street was finalized yesterday, according to the new buyer. 

 

For full article click here

Durst works out a sale for Eichner’s East Harlem site

Wednesday, July 6, 2016

By Rich Bockmann

The Durst Organization worked out a sale with Ian Bruce Eichner to buy his distressed development site in East Harlem.

Earlier this year, Durst acquired just shy of $100 million worth of distressed debt on the property at 1800 Park Avenue, where Eichner’s the Continuum Company had plans to build Upper Manhattan’s tallest towers: a pair of 32-story mixed-use buildings with 682 rental apartments.

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