THE HARLEM OPPORTUNITY

Harlem District 10: Sub Market

The Renaissance is Now: Since 1990, 2,695 units of free market condominiums have been developed in Harlem. The bulk of these, 2,455 have been built since 2000. There were 908 units proposed for construction as of 2006.

Dawnay Day, a British Investment Bank Makes First Foray into the US Market in 2007 Choosing East Harlem as its Focus. It spends nearly $500MM on package of apartment buildings.

Demographic Shifts Have Driven a Doubling of Home Ownership from 5% in 1990 to 12% by 2002 - according to the Housing Vacancy Study of 2002. To meet the increased demand for home ownership, developers added 14% or 6,000+ units of Central Harlem housing from 1990 to 2004. This compared to 7% for New York City overall and 2% for Manhattan.

Request more information

More»