Just did some quick research on Streeteasy.com about price per sq foot in Central Harlem (see below) and of 65 active listings, the avg size is 1,000 sq feet and the avg price per sq foot is $592, so it look like at $525 a sq ft you are getting a fair price. Also, when looking at qter vs qter numbers for all of Manhattan, sales transactions are way up, while prices have slowed their decline. While I am not one to call a market top nor a market bottom, the data is pointing to stabilization. If you like the Dover, the price and the market seem to indicate that it is a good opportunity.

Have a good night and feel free to call me tomorrow if you have questions.

Thanks, Rich

Real Estate for Sale

In Central Harlem

We found 65 listings around $574,000.00

Median price: $579,000 Median size: 1,000 ft² Median price per ft²: $592

Richard C. Bouchner | Managing Director
Commodore Property Group
Real Estate | Sales & Marketing | Mortgage | Investment
12 Desbrosses Street | New York, NY 10013
T 646 825 5734 | F 800 721 6551 | C 917 627 3459
rich@cpg-nyc.com | www.commodore-group.com