Hamilton Heights is a beautiful bargain
January 31, 2008
When he wasn't too busy writing the Federalist Papers or founding newspapers or dueling with vice presidents,
Alexander Hamilton made a home for himself in the Harlem neighborhood that now bears his name: Hamilton
Heights. Clearly, Al knew a bargain when he saw one.
Few Manhattan neighborhoods are as affordable or as filled with gorgeous housing stock as this one. Convent
Avenue and Hamilton Terrace (where the Hamilton Grange memorial is now stationed) are filled with Queen
Anne, Gothic, and Romanesque Revivals that wouldn't look out of place in Brooklyn Heights. Or take the
prewar apartment buildings along tree-lined Riverside Drive. These structures don't look all that different from
pricier buildings 50 or 60 blocks south.
And, up until a few years ago, Hamilton Heights real estate was dirt cheap. Sadly, you won't find the giveaways
you once could, but there are certainly excellent prices by Manhattan standards - and prices are often negotiable.
For instance you can still get a one-bedroom condo for less than $300,000.
A smattering of prewar rental buildings were converted to condos last year. "We're
doing three new conversions," says MaryJo, a senior vice president at Barak Realty.
The buildings are at 660, 680 and 690 Riverside Drive and are being sold both
renovated and as-is at less than $600 per square foot. (A number of rent-stabilized
apartments are not being redone; tenants are being offered units at a discount.)
While a bargain like that can be hard to find, brokers have noticed sellers willing to
play let's-make-a-deal. And although some might think that they'll get nosebleeds
from just how high Hamilton Heights goes (it stretches from 135th street to 155th
street, between St. Nicholas Ave. and the river), it has easy access to the A, C, B, D
“ We are so thrilled with the
success of this project. and 1 subway lines . Meanwhile, a Starbucks and a Pathmark both recently opened
The units are beautifully on the Hamilton Heights border. Al's old neighborhood is hitting new heights,
renovated and a great indeed.
value. Our marketing
efforts have generated a
tremendous amount of
Historic Hamilton Heights
RiversideDriveCondos.com Along the Hudson on Riverside
Studios to Two-Bedrooms Drive