Manhattan has a funny way of coping with the bad news that seems to be constantly emerging from the nationwide housing market, and that strategy is hardcore retail therapy. No matter how dire the predictions for Manhattan's housing fate, the records just keep on falling! Today's headline-making sale comes from former Development Du Jour 111 Central Park North, located on what regular people call 110th Street. Braden Keil reports that a real estate investor has purchased a 5,500-square-foot condo in the building for a Harlem record of $6.6 million. Buyer Rodney Propp will relocate to the building from his current Park Avenue apartment, a move that will no doubt inspire more than one sociology paper at Columbia. Propp should enjoy the props (hi-yo!) while he can, because Keil also reports that 111 CPN's triplex penthouse?which Esquire briefly occupied?is in contract for $8.5 million. Interestingly, that apartment is still up on Halstead's website and listed at a whopping $12 million. And wait, didn't an Aussie already pony up $12 million for two units in the building? Oh Harlem, we can't keep up!
· Harlem heights [Gimme Shelter]
· 111 Central Park North Party Report [Curbed]
· Floorplan Porn: 111 Central Park North [Curbed]