Keh for News
Photo: The Bridges at 2283 Third Ave., at 124th St.
BY JASON SHEFTELL
Buying or renting
"There's a lot of infill happening right now with the development of abandoned and unused lots," says Jeff Berger, an East Harlem real estate expert who is director of sales at 111 Central Park North for the Athena Group. "East Harlem was always thought of as a stepchild of Central and West Harlem. People are finally realizing it's actually a tranquil and extremely convenient place. "
Sold by Halstead's Sid Whelan and Leo Munoz, The Bridges at 124th St. and Third Ave. attracts neighborhood renters looking to buy and people seeking the proverbial "more space for less money." A two-bedroom, two-bath with 1,296 square feet and triple exposures sells for $968,000. A one-bedroom lists for $695,000.
"The second wave of buyers is starting to come now," says Whelan, who grew up in the neighborhood and put together tours for jazz musicians before real estate. "The Bridges is selling because of very large, livable apartments." Second bedrooms at the 31-unit, two-building Bridges are bigger than most master bedrooms in downtown condominiums.
Observatory Place, from Gary Silver Architects and Silverpoint Builders, is a 38-unit boutique building on the corner of 103rd St. and First Ave. It's the developer's second project in the neighborhood, with two more in the design pipeline. Most apartments in the "green" building have outdoor terraces. Studios start in the low-$400,000 range with two bedrooms going for $840,000.
Friday, February 01, 2008