Central Harlem, which includes the sub-neighborhoods of Mount Morris, Strivers’ Row and Astor Row, is a boom-and-bust neighborhood that is facing a new wave of gentrification. Traditionally a major African American residential, cultural and business center, Harlem saw an influx of artistic and professional works during the Harlem Renaissance in the 1920s and 1930s. However, the Great Depression caused a significant increase in crime and poverty rates in the neighborhood, causing a major drop in population and real estate prices. Currently, Central Harlem is experiencing social and economic gentrification, spurred by fierce crime fighting and retail development efforts along West 125th Street. Although unemployment and crime rates in Harlem remain higher than the New York City average and public education has considerable room for improvement, real estate in the area is booming. Amenity-stocked condos, brownstones and starter apartments at reasonable prices are attracting a “yuppie” crowd to the neighborhood. Central Harlem is experiencing a new renaissance, this time defined by gentrification, and only time will tell if it will be followed by another bust.
Sales: 1 active, 19 in contract and 2 previous
Rentals: 8 previous