East Harlem Real Estate Market Trends

Market Overview for Quarter 4, 2020


Median Sale Price

$660K

-7% YoY


Median Price/Sqft

$834

-17% YoY


No. of Transactions

24

-48% YoY

Manhattan Median Sale Price

$1M

6% YoY

In Quarter 4, the median home sale price in East Harlem was $660K, down 7% year-over-year. There were a total of 24 transactions, representing a 48% drop compared to Quarter 4 last year. The median price per square foot was $834, a -17% YoY change. In Quarter 4, the median home sale price in Manhattan was $1M.

East Harlem Neighborhood Map

Also known as Spanish Harlem or El Barrio, and formerly as Italian Harlem, East Harlem is full of vibrancy in the form of huge murals, museums, and good subway access. It's a bustling neighborhood full of nightlife, art, community gardens, churches, and unique local businesses. Parking is relatively easy and residents enjoy a tight community vibe.

East Harlem Median Sale Price

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Median Sale Price Per Square Feet

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Real Estate Transactions in East Harlem

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Top most expensive neighborhoods in Manhattan

East Harlem median price compared with other neighborhoods in Manhattan

Property values in East Harlem are lower compared to the borough of East Harlem overall.




East Harlem median price compared with all the neighborhoods in Manhattan

Neighborhood Borough Median Sale Price
TriBeCa Manhattan $3,563,875
SoHo Manhattan $2,700,000
NoHo Manhattan $2,700,000
Hudson Yards Manhattan $2,678,750
Central Park South Manhattan $2,237,500
NoLIta Manhattan $2,225,000
Two Bridges Manhattan $2,157,681
Civic Center Manhattan $1,900,968
Hudson Square Manhattan $1,882,812
Central Midtown Manhattan $1,845,000
Chelsea Manhattan $1,593,750
Garment District Manhattan $1,502,500
NoMad Manhattan $1,490,000
Lincoln Square Manhattan $1,465,000
West Village Manhattan $1,427,500
Carnegie Hill Manhattan $1,400,000
Chinatown Manhattan $1,266,031
Flatiron District Manhattan $1,230,000
Greenwich Village Manhattan $1,147,500
Upper West Side Manhattan $1,130,000
Lenox Hill Manhattan $1,060,000
Little Italy Manhattan $999,500
Battery Park City Manhattan $994,500
Gramercy Park Manhattan $957,500
Turtle Bay Manhattan $952,000
Clinton - Hell's Kitchen Manhattan $910,000
Roosevelt Island Manhattan $895,000
Yorkville Manhattan $846,000
Theatre District - Times Square Manhattan $825,000
Sutton Place Manhattan $800,000
East Village Manhattan $795,500
Financial District Manhattan $791,000
Manhattan Valley Manhattan $723,400
Morningside Heights Manhattan $718,000
Harlem Manhattan $715,000
Lower East Side Manhattan $700,000
East Harlem Manhattan $660,000
Kips Bay Manhattan $625,000
Murray Hill Manhattan $615,000
Washington Heights Manhattan $508,750
Inwood Manhattan $460,000
Tudor City Manhattan $327,500

Residential Properties Sold in East Harlem

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $705K -20% $840 -17% 14
Coops $605K 4% $4 -99% 10
Houses - - - - 0

The median condo price in East Harlem in Quarter 4 was $705K, down 20% year-over-year. Median coop sale price in East Harlem were $605K, a change of 4% year-over-year. There was no statistically significant data for median house sale price activity for the period of Quarter 4 in East Harlem.

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East Harlem Neighborhood Guide

When the Lexington Avenue subway finally reached this far in the 1920s, the place where the Harlem River flows into the East River was originally a bastion of Italian and Sicilian immigrants. But many Puerto Ricans and Latin Americans began to move here and it soon acquired its famous nickname - Spanish Harlem. While the working class El Barrio neighborhood becomes increasingly diverse, it remains heavily influenced by the "Nuyorican" culture (New York plus Puerto Rican). Newcomers to the city have traditionally cast their eyes to East Harlem for affordable rents, but in recent years gentrifiers have been putting in down payments as well. They find a slice of classic New York here - after all, this is where you'll find the Stickball Hall of Fame on East 123rd Street honoring the quintessential NYC game

Architecture and landmarks

This was still farmland while New York was becoming the nation's most powerful city. But some of the original townhouses and apartment houses from the late 1800s and early 1900s are the best the city has to offer. The red brick Saint Cecilia Church on 106th Street from that time has been a touchstone for all of the diverse populations to enter El Barrio. Another architectural treasure is the former Fire Engine Company No. 53, two blocks away on 104th Street. A four-story Queen Anne and Romanesque Revival confection, it was one of 42 city fire stations designed by Napoleon LeBrun & Sons between 1879 and 1895. Another ornate firehouse from that era, at 120 East 125th Street, now houses the Caribbean Cultural Center African Diaspora Institute.

Transport

The 4, 5 and 6 trains service East Harlem all the way to 125th Street. Buses that run through the district include the M1, M2, M3, M4, M15, M35, M60, M96, M98, M101, M102, M103, M106, M116 and Bx15.

Schools

East Harlem offers a wide range of education options, including several highly rated charter schools such as the Harbor Science and Arts Charter School. Other strong schools include PS 83 Luis Munoz Rivera for PK-5 students and PS 171 Patrick Henry, a combination elementary and middle school that takes maximum advantage of grant-funded resources. Manhattan East School for Arts and Academics has been a magnet school since opening in 1981 and the Bilingual Bicultural School and PS 112 Jose Celso Barbosa are leaders in Spanish-English dual language instruction. TAG Young Scholars is a K-8 facility that is the city's most racially diverse school for gifted and talented students.

Health

The Metropolitan Hospital Center, part of the largest municipal healthcare system in the United States, has been in East Harlem since 1955. The facility emphasizes primary care in a culturally sensitive environment.

Safety

Public safety in East Harlem is the responsibility of the 23rd Precinct with 14.02 crimes per 1,000 residents in 2015, one of the lowest rates in Manhattan, and the 25th Precinct with a higher 23.73 crimes per 1,000 residents.

Things to do

East Harlem is on the shoulder of Central Park and a short jaunt across the Harlem River to Randall's Island Park and Ward's Island Park. Thomas Jefferson Park is the largest of the neighborhood parks and brings the community together in summer with an outdoor swimming pool, barbecue grills and picnic tables

The nightlife can be tame compared to other New York neighborhoods, but East Harlem does not lack for iconic dining. Rao's on 114th Street has been dishing out classic Southern Italian delights since 1896 and Patsy's Pizzeria has been a must-eat destination on 1st Avenue since 1933. Around the same time La Marqueta began as a marketplace for Latino pushcart vendors. It once boasted over 500 merchants before falling into decline, and has since been revived as a gateway to the Central and South American-influenced flavors of the neighborhood. The Casablanca Meat Market is as much a destination for the beehive of activity as for the prime cuts of meat.

The northern chunk of the world-famous Museum Mile along Central Park is situated in East Harlem, and such noteworthy institutions as the Museum of the City of New York and El Museo del Barrio are cornerstones of the neighborhood. Major league lacrosse and track & field are just a short distance away at Icahn Stadium on Randall's Island. The Spanish heritage of East Harlem has often been captured in the many outdoor murals that decorate the district. You can check out the best efforts of these street artists at The Graffiti Hall of Fame in the Jackie Robinson Educational Complex on East 106th Street.