Harlem Home Sets Record With $5.1 Million Sale

Bloomberg reports that the property at 72 Hamilton Terrace, destroyed in a fire more than a decade ago then restored as a single-family residence, sold for $5.1 million, making it the priciest sale in Manhattan above 125th Street, according to listings website StreetEasy.

The 5,000-square-foot townhouse, near 144th Street and Convent Avenue, has four bedrooms, five baths, a private garden and an 860-bottle wine cellar. The five-story property, built in 1898, was first offered last March for $5.495 million, then pulled from the market and relisted with a new brokerage in November for $5.25 million.

“I felt this house was special enough and it was time that we could cross the $5 million mark” in the neighborhood, said Tamara Marotta, the Corcoran Group broker who marketed and sold the home. “Of course, downtown, this house would be three times as much.”

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Homes in the northernmost part of Manhattan sold for a median of $645,000 in the fourth quarter, up 4 percent from a year earlier, Corcoran said in a report last month. The median price downtown — an area that includes Tribeca, Chelsea and the West Village — was $1.41 million.

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