The median sale price this year, through May, was $529,000 in 2020, it was $599,000. This year, however, both sales volume and inventory are up, according to data provided by Brown Harris Stevens: From January to May of 2021, 117 homes sold, compared with 79 during the same period in 2020, and there were 181 new listings on the market during that time, compared with 83 during that period of 2020. The median price of the 182 properties sold in 2020 was $536,345, a drop of 1.7 percent from the 2019 median of $545,826 for 279 units sold, Mr. With its lawns, gardens and Hudson River views, the park is “the jewel of the neighborhood,” Mr. “We rent apartments to a lot of Yeshiva students as well.”Īnother attraction is the 67-acre Fort Tryon Park, which includes the Met Cloisters, part of the Metropolitan Museum of Art. “A lot of doctors and nurses and other medical personnel rent and buy in the neighborhood,” Mr. The neighborhood is also home to a number of medical and academic institutions, including Columbia University Irving Medical Center and branches of Yeshiva University and Boricua College. To the east, “some buildings are more mixed-use, residential and commercial,” said Adrivel Ruiz, an associate broker with Sovereign. Nearby is Hudson View Gardens, a 1924 Tudor Revival co-op that is on the National Register of Historic Places. Particularly imposing is Castle Village, a five-building co-op on 7.5 acres overlooking the Hudson. In Hudson Heights, west of Broadway, stately apartment buildings, some with Art Deco features, create a serene atmosphere. The west side “probably has the greatest concentration of co-ops, and some condos,” said Greg Healy, the owner-broker of the Sovereign Associates real estate agency. The area’s hilly terrain is connected by stairways known as “step streets.”īroadway divides west and east. While opinions differ, one commonly accepted boundary of Washington Heights extends from 155th Street on the south to Inwood and Dyckman Street on the north, and from the Hudson River on the west to the Harlem River on the east. Poelle said: Washington Heights is “continually reinventing itself.” They rent a three-bedroom, one-bathroom, 1,800-square-foot apartment for $3,200.Īs for any changes wrought by the pandemic? That doesn’t faze them, Mr. He and his wife, a literary agent, returned in 2019 with their daughters, now 6 and 9. That was the case, prepandemic, for Travis and Barbara Poelle, both 43, who left Washington Heights in 2015 for suburban Minneapolis, which they found “lacking in diversity” and “lacking in the culture you have in New York,” said Mr. Others who sold their apartments are seeking to return, he said: “They left for the suburbs and realized the suburbs weren’t for them.” “They have rented and now want to purchase.” Many current buyers “are from the neighborhood,” Mr. “Apartments were just sitting there.”īy late spring, the pendulum seemed to be swinging back. Parts of the neighborhood were “affected tremendously,” said Louis Pulice, an agent with Brown Harris Stevens and a lifelong Heights resident. The pandemic, however, has taken its toll on the neighborhood’s housing market. (She emphasized that she was speaking for herself, not for the board.) Diaz, who is also the first vice-chairman of Community Board 12, covering Washington Heights and Inwood to the north. “Washington Heights has among the highest number of rent-stabilized apartments in the city, so gentrification” - with its threat of market-rate rents - “is a huge concern,” said Ms. “I view Washington Heights as the last bastion of affordability in Manhattan,” said Katherine Diaz, a resident and a political consultant to the City Council candidate Angela Fernandez before the June primaries. In recent years, the neighborhood’s moderate rents and large apartments have broadened its appeal, creating concern among some residents that gentrification will drive out middle- and working-class households and mom-and-pop businesses. Madera, whose parents were born in the Dominican Republic, to “have my Dominican roots.” At the same time, the wide range of restaurants means that she also has “the option of a classic American burger, or Indian food, or Italian.” With its large Dominican community and Latin-flavored shops, restaurants and outdoor markets - celebrated in the new film adaptation of Lin-Manuel Miranda and Quiara Alegría Hudes’s Broadway show “In the Heights” - Washington Heights allows Ms.
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