In the month of August the Central Harlem,Hamilton Heights market was quiet with only 4 new listings coming to the market.
Among the 4 new listings, there is an SRO sold without the certificate of no harassment for $2.1 million looking for cash buyers according to the listing which is the least expensive listing. Also listed this month is a home at 210 W 122nd street which appears to be renovated though the DOB records indicate SRO as well asking $3.995 million. Rounding out the new listings are an 8 unit for sale near Fifth avenue and a 3 family with side yard at 517 W 152nd street which was listed previously.
On the sale side(see table below), there were 5 sales and some properties went to contract or were removed from the market which resulted in a decrease of inventory from 82 available listings in July to 70 in August. This led to a corresponding decrease in inventory levels to only 14 months from 21 months in July.
|Sold properties for August|
|Sale Price||# Units|
|160||W 130 ST||$2,400,000||8|
|37||W 126 ST||$2,544,000||4|
|127||W 120 ST||$3,451,000||3|
|106||W 120 ST||$3,375,000||3|
|17||W 120 ST||$3,750,000||6|
|# Active listings||Inventory (months)|
The Author- Brian Silvestry , a licensed real estate broker, has been selling residential and commercial real estate since 1999. He has sold in every neighborhood from Battery Park City to Washington Heights.