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Mentioned in this Article:
Stephen G. Kliegerman

Stephen G. Kliegerman
President of Development Marketing

Ayo Haynes

Ayo Haynes
Westside Office

The Real Deal

Harlem'sols 12 Unit Complex 50 Percent Sold

Construction may only have wrapped up in June at Long Island City-based Design & Development Group's Harlem Sol 121 and 123, a two-building 12-unit condominium development on West 131st Street, but the complex is now 50 percent in contract, Halstead Property Development Marketing, which is marketing the units, announced today.

Two of four units are in contract at 121 West 131st Street leaving available a one-bedroom home and a two-bedroom, 1.5-bathroom duplex with a private rooftop deck, according to data from Streeteasy.com. The remaining four of the eight units at 123 West 131st Street include three studios starting at $299,000 and one three-bedroom duplex for $729,000.

"We're extremely pleased that Harlem Sol has reached this significant benchmark," said Stephen Kliegerman, president of Halstead Property Development Marketing.

Harlem Sol is not the only new property in the area.

As property values in other Manhattan area soared pre-recession, Harlem became the new development frontier, as The Real Deal previously reported. Luxury condo buildings, more retailers and a surge of new residents have appeared in Harlem of late. Other recent developments include the 28-unit Parc Standard on Frederick Douglass Boulevard, which sold out in under a year. -- Katherine Clarke

Monday, October 03, 2011