Harlem New York Newest Real Estate Listings | Zillow (2024)

FAQs

Is Harlem real estate a good investment? ›

The vast majority of city-wide investments, including prior commitments from big tech, are still moving ahead, undeterred. As it stood at the beginning of 2020, even as the year took a decidedly different turn than everyone expected, Harlem real estate remains an excellent investment.

HARLEM, NY — A Harlem home has been sold for the highest-ever price for a townhouse in the neighborhood, according to a report. The four-story, five-bedroom building at 32 Mount Morris Park West sold for $6.4 million last week, according to The Real Deal.

Columbia University is the largest private landowner in New York City. The school's 320 properties are valued at almost $4 billion, and it pays very little in property taxes thanks to an exemption written into the state constitution 200 years ago.

Central Harlem is one of the most popular neighborhoods for people living in Harlem, New York. It is the birthplace of the Harlem Renaissance (you can still visit Langston Hughes' house today), and it has been an artistic and cultural destination since the 1920s.

Housing prices on the open market have soared 247 percent in the past 10 years. Typical prices for an apartment in Harlem now approximate $458 per square foot. And while rent stabilized apartments can range from $500 to $800, an unregulated market-rate apartment can reach up to $4.000 per month.

The most upscale areas in Harlem are Sugar Hill, 145th to 155th Streets between Edgecombe Avenue and Amsterdam; Strivers Row, 139th St. between Seventh and Eighth Avenues; and Hamilton Heights, West 145th to 155th, between Bradhurst Ave. and the Hudson River. All are rich in history, as well.

Where do rich people live in manhattan? The most expensive areas of New York are NoHo, Hudson Yards, Tribeca, Central Park South, and Nolita. The average sales price in these areas exceeds $3 million. As you might expect, most wealthy New Yorkers live in Manhattan.

At the beginning of 2019, Ken Griffin's purchase at 220 Central Park South set a new record for the highest-priced home ever sold in the United States.

An exclusive right to sell listing is the most widely-used listing agreement. Under this agreement, the broker has the exclusive right to market the property for a specified period of time.

Who owns most of NYC? ›

To the surprise of nobody, the City of New York is the biggest property owner in the five boroughs — with a massive 362.1 million square feet to its name, according to TRD's analysis. Think 1 Police Plaza, Stuyvesant High School and the New York Public Library building on Fifth Avenue.

NEW YORK, May 21, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that Harrison Sitomer, Chief Investment Officer, Matt DiLiberto, Chief Financial Officer, and Steve Durels, EVP, Director of Leasing and...

Tribeca. Located on the southwestern corner of Manhattan, Tribeca (“Triangle Below Canal Street”) consistently ranks as the most expensive neighborhood in NYC, according to several sources. Best known for its stylish industrial lofts and charming cobblestone streets, residents here enjoy a hip and upscale neighborhood.

Which real estate investments are the most profitable? Commercial real estate investments tend to have higher income potential than other types of investments, with the added benefit of longer leases and lower vacancy rates.

Is buying an apartment in NYC a good investment? New York City real estate has been a good investment over the long term. For example, the average price per square foot of a Manhattan condo rose 5% compounded annually over the last 15 years.

Some of the best neighborhoods to invest in include the Upper East Side of Manhattan for its established market and charm, emerging areas like Inwood for affordability, Bay Ridge for its community feel, Bedford-Stuyvesant for its ongoing revitalization, and Long Island City due to significant development and growth ...

Enjoy Affordable NYC Living

It's no secret that New York City is an expensive place to call home. But since Harlem's cost of living is 25% lower than the city as a whole, living in Harlem allows you to enjoy a fun, exciting Manhattan lifestyle without a hefty price tag.