(To read more on the multifamily market, click here.)

NEW YORK CITY-Warburg Marketing Group, a division of Warburg Realty Partnership, commenced sales of the luxury residences at 307 W. 126th St. The condominium development is located between Frederick Douglass Blvd. and St. Nicholas Blvd. in Harlem. The sale underscores the continued quest for New York residential ownership that shows no signs of slowing.

Built in 1910, the five-story, pre-war elevator building features 10 fully-outfitted residences with only two homes to a floor. There are six, one-bedroom, 1.5 bath homes with balconies and four two-bedroom, two-bath homes. The lobby has been renovated and modernized, featuring mahogany wood and marble.

“The area is central Harlem and you have a lot of amenities,” says Warburg Realty Harlem executive vice president Chris Halliburton. “You’re one block from the subway, one block from a New York Sports Club, one block from a first-run multiplex.”

More importantly, says Halliburton, “young people today, 25 to 30, are looking to an apartment as an investment. It’s not like it was years ago, when you moved to the City and looked for an apartment, preferably with a doorman. Today the younger people are buying an apartment before they are buying stock.”

Each home in this central Harlem development comes complete with conveniences found in any modern Manhattan property. Asking price for one-bedroom homes start at $467,681; two-bedroom homes start at $489,524. All residences are available for immediate occupancy. Warburg Harlem sales associate Leo Munoz is representing the building.

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