{"id":29,"date":"2017-10-20T00:09:03","date_gmt":"2017-10-20T04:09:03","guid":{"rendered":"http:\/\/projects.nyujournalism.org\/thenewsroom\/?p=29"},"modified":"2017-10-24T10:45:21","modified_gmt":"2017-10-24T14:45:21","slug":"east-harlem-city-planning-commission-approves-rezoning-project","status":"publish","type":"post","link":"http:\/\/projects.nyujournalism.org\/thenewsroom\/2017\/10\/20\/east-harlem-city-planning-commission-approves-rezoning-project\/","title":{"rendered":"East Harlem City Planning Commission Approves Rezoning Project"},"content":{"rendered":"

By Yasemin Sim Esmen<\/p>\n

On October 2 the New York City Planning Commission approved an East Harlem rezoning project that allows for new condos to be built up to 30 floors high, with enough space in front of them for sidewalk cafes and art and entertainment spaces.<\/p>\n

In addition, the Metropolitan Transportation Authority (MTA) has developed plans to extend the Second Avenue subway line until East 125th<\/sup>\u00a0Street,\u00a0making the area more accessible.\u00a0<\/b>Some of Harlem\u2019s long-time residents are concerned that affordable housing opportunities will be limited in the area after the rezoning and subway extension are in place.<\/p>\n

\"\"
The Metropolitan Transportation Authority (MTA) is planning to extend the Second Avenue Subway line until from 125th Street in East Harlem to Hanover Square. Photo by Yasemin Sim Esmen<\/figcaption><\/figure>\n

\u201cThere have been people that have been speculating and investing in that area,\u201d said Citi Habitats real estate broker Mark Benson. “They will be artificially raising the prices. Even if they sit on it and sell ten, twenty years from now, they will still be making a profit.\u201d
\n<\/b><\/p>\n

Yorkville, located south of East Harlem below 96th<\/sup>\u00a0Street, has already\u00a0seen some major hikes in its real estate prices. According to a 2015 report by Miller Samuel Real Estate Appraisers and Consultants, the average price per square foot was $992 for co-ops and $1,359 for condos. Today, Streeteasy.com quotes the average price per square foot in Yorkville to be $1,389.<\/p>\n

Meanwhile, The Miller Samuel 2015 report states Harlem\/East Harlem co-op and condo prices were $839 per square foot. Today, Streeteasy.com lists $1,073 per square foot in East Harlem.<\/p>\n

Nancy Liu, who has been living in East Harlem\u2019s southern neighbor Yorkville for 20 years, said that she remembers people shoving each other and shouting obscenities in front of her 95th<\/sup> Street commercial space before Yorkville had started changing and the school opened across the street two years ago. She has conflicting feelings about the proposed rezoning project in East Harlem. \u201cIt will enlighten the neighborhood but I am torn because I care about the people who need housing,\u201d she said.<\/p>\n

\u201cIn Yorkville, 5 years ago, some people were leaving because of the noise, the dust,\u201d said Benson. \u201cValues in Yorkville have gone up twenty, thirty, forty percent. The average person cannot afford these.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

By Yasemin Sim Esmen On October 2 the New York City Planning Commission approved an East Harlem rezoning project that allows for new condos to be built up to 30 floors high, with enough space in front of them for sidewalk cafes and art and entertainment spaces. In addition, the […]<\/p>\n","protected":false},"author":157,"featured_media":38,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[4,3,5,13,10,7,8,9,6,12,11],"acf":[],"yoast_head":"\nEast Harlem City Planning Commission Approves Rezoning Project - The Newsroom<\/title>\n<meta name=\"description\" content=\"The East Harlem rezoning project, [which will bring changes to East Harlem and its neighbors], was approved by the City Planning Commission on October 2. The rezoning project allows for the building of new condos up to 30 floors, with enough space in front of them to allow for sidewalk cafes, and art and entertainment spaces. 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