As Real Estate Brokers in the most expensive city in the country we are constantly being asked where the deals can be found.
If you can live with the lack of a Starbucks east of Lenox Avenue, East Harlem offers big bargains for buyers. Studios, one-bedrooms and two-bedrooms are all available in the $500- to $600-per-square-foot range. And we’re not talking about resales.
“Everything is new,” says Danny Chan, who is buying a one-bedroom at the new Embelesar 118 co-op building on East 118th Street for $277,000. “When I walk in there, I can design it any way I want -- I don’t have to worry about fixing it, or the way the previous owner” designed it.
In that sense, East Harlem is unique among Manhattan neighborhoods. Prices are low yet buildings are new.
Looking for a DEAL? Look no further than East Harlem.
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