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Mentioned in this Article:
Stephen G. Kliegerman

Stephen G. Kliegerman
President of Development Marketing

The Real Deal

Harlem Condo Cuts Prices

Halstead Property Development Marketing announced across-the-board price reductions at the Ellison, a newly constructed West Harlem condominium at 2255 Adam Clayton Powell Jr. Blvd., between West 132nd and 133rd Streets. The Ellison, a five-story building with 10 units, features one- and two-bedroom residences, ranging in size from 820 to 1,228 square feet and priced from $579,000 to $799,000, an overall 10 percent reduction from previous listing prices. In the wake of the condo boom, Harlem condo developments that have hit the market during the bust are finding ways to cut prices and costs, as The Real Deal reported in the March issue."We lowered prices to be more competitive with the current marketplace," said Stephen Kliegerman, executive director of Halstead. "As such, the Ellison offers tremendous value and impeccable design in a great neighborhood." Nearby attractions include the Apollo Theater, the Lenox Lounge jazz club, and Sylvia's restaurant. TRD

Tuesday, May 25, 2010