Harlem New York Luxury Homes For Sale - 385 Homes | Zillow (2024)

FAQs

What is the most expensive townhouse in Harlem? ›

32 Mt Morris Park West | $6,350,000 (4/6/2022) | Central Harlem South. Introducing the extraordinary townhouse at 32 Mount Morris Park West, now in the hands of lucky owners. This magnificent residence boasts impressive space and a rich history, spanning 7,000 square feet.

A traditional, yet powerful strategy is saving for a large down payment. Accumulating a significant down payment not only reduces the amount you need to borrow but can also improve your loan terms. A down payment of 20% or more can eliminate the need for private mortgage insurance (PMI), lowering your monthly expenses.

Networking is the cornerstone of success in breaking into luxury real estate. Start by connecting with seasoned agents and brokers who have a foothold in the luxury market. Attend industry events, seminars, and open houses to meet professionals and potential clients. In this field, your network is your net worth.

History. Sugar Hill got its name in the 1920s when the neighborhood became a popular place for wealthy African Americans to live during the Harlem Renaissance. Reflective of the "sweet life" there, Sugar Hill featured rowhouses in which lived such prominent African Americans as W. E. B.

If you want to be a real New Yorker about it, Hamilton Heights is bounded by 135th Street to the south, Riverside Drive to the west, 155th Street to the north, and Edgecombe Avenue to the east. Manhattanville is to the south and Washington Heights lies due north.

The Quick Answer

With a $100,000 salary, you could potentially afford a house worth between $225,000 to $300,000, depending on your financial situation, credit score, and current market conditions. However, this is a broad range, and your specific circ*mstances will determine where you fall within it.

The 2.5 times your income rule

A simple way to estimate affordability is to multiply your annual income by 2.5. With a $50,000 salary, this rule suggests that you can afford a home worth up to $125,000. This is a general guideline that doesn't account for your specific financial situation or location.

Using the $7,984 payment (at 7.0%) and the above assumptions, your total housing payment for a $1.5 million home with 20% down would be approximately $10,109 per month. Assuming you have no consumer debt, your monthly income requirement would be about $23,500. This is a salary requirement of about $282,000 per year.

Tribeca. Located on the southwestern corner of Manhattan, Tribeca (“Triangle Below Canal Street”) consistently ranks as the most expensive neighborhood in NYC, according to several sources. Best known for its stylish industrial lofts and charming cobblestone streets, residents here enjoy a hip and upscale neighborhood.

New York City housing price changes 2021-2022:

The most expensive neighborhoods in the Big Apple are NoHo, Hudson Yards, TriBeCa, Central Park South, Nolita, Theatre District, Bowery, SoHo, and Civic Center. Median price sales for NoHo, Hudson Yards, TriBeCa, and Central Park South are above 3 million dollars.

Where is the most desirable place to live in New York? ›

Best neighborhoods in New York

Greenwich Village, Manhattan. Harlem, Manhattan. Williamsburg, Brooklyn. Astoria, Queens.

- Finding the right buyer: Finding the right buyer for a luxury property can be challenging, as the target audience is often limited and difficult to reach. - Building trust: Building trust with potential buyers and sellers is important, as many luxury property transactions involve large sums of money.

Cost to Build a House in New York by House Type

The average building cost per square foot for the different classes includes the following: Class 1 (luxury): $430 per sq. ft. Class 2 (semi-luxury): $260 per sq.

More broadly speaking, the $80 million that Jeff Bezos spent on a 212 Fifth Ave. condo in 2019 remains the highest downtown residential sale; the $90 million purchase of an Upper East Side townhouse, though commercial in its use, in 2018 takes the cake for highest townhouse sale in Manhattan.

Noho. With the highest median sales price of $3.27 million, NoHo ranks first among New York City's most expensive neighborhoods. NoHo's favorable downtown location has made it a sought-after location among buyers, and high demand coupled with low inventory has pushed prices to record levels in the area.

New York, New York: 57th Street (world's most expensive street according to Business Insider)