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Neighborhoods

East Harlem

East Harlem

“El Barrio” is among New York’s most culturally rich neighborhoods. Italian and Jewish immigrants called the area home before an influx of newcomers from Latin American and Caribbean countries after World War II gave East Harlem its iconic, Hispanic flair. The neighborhood has also been the site of major urban renewal plans in the 1950s, when the deteriorating housing stock was replaced with the high-rise housing projects now prevalent in the neighborhood. In 2006, East Harlem saw the arrival of its newest property types: luxury condos and apartments. As upcoming developments begin construction, and as gentrification pushes rents higher, East Harlem is once again a community — and a submarket — in transition.

Regardless of opposition, rezoning in East Harlem is inevitable, and demographic shifts are already underway. At 100 West 125th St., a new Whole Foods will service the changing community. Several coffee shops and gastropubs, like the East Harlem Bottling Co. at 1711 Lexington Ave., are in the works. A number of city residents often flock to the nearby East River Plaza Mall. The higher-end retailers complement the rising prices. With a median rent of approximately $1,950, East Harlem’s median sales price, $641,498, had a 22% year-over-year increase. In 2016, the neighborhood had one of the largest increases in total dollar volume in the city, at $112M. That is a 99% jump from the $56M produced in 2015. Improved transportation will further strengthen East Harlem's desirability. The Second Avenue subway, when completed, will service the east side of Manhattan from Hanover Street to 125th Street, along the newly added T train. Phase 1 of the expansion has brought the Q train to East 96th Street, providing service for approximately 200,000 riders and reducing travel time by 10 minutes. 

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