Sometimes it can be all-too-tempting to throw around the 'r'-word, whether for the sake of cynical sensationalism or genuine enthusiasm. (The word being, or course, 'renaissance.') But it's often better to tread more lightly; to just acknowledge an uptick in activity in a certain area, and see what blossoms. And something certainly appears to be blossoming up in Harlem, where retail, residential and commercial activity all seem to be trending positively at the moment - condominiums and cooperatives included.
To cite but two examples that have contributed to this growing enthusiasm, The Real Deal reported on April 7 that real estate company Tahl-Propp Equities filed a plan in March that would convert 71 rentals to 150 condos at 1325 Fifth Avenue.
A second project, known as the “Cereza,” would add another 52 units to what is now a vacant lot at 1790 Third Avenue, bringing a combined 202 units to the area -- 130 more than was proposed to the attorney general's office during the last quarter of 2016.
In order to separate the hype from the reality, The Cooperator reached out to some real estate professionals who do business up the Harlem way, in order to ascertain what can be expected in the coming year.
Most New Yorkers realize that you can't paint a large area of the city with a broad brush. Harlem is fairly sizable and contains multitudes; various cultures and demographics affect the growth of different sections in different ways.