Facade Restoration: 45 Central Park North, Harlem

Harlem, Manhattan, 45 Central Park North

Jan. 1, 2012 — Our uptown neighbors at 45 Central Park North are keeping busy with capital work: the six-story, 47-unit cooperative (built in 1903) in central Harlem swung into action this past August, spending time and a cool $287,000 to keep the aging building ship-shape. The project is slated for completion this month.

Neighborhood

Central Harlem, between Fifth ave. and Malcolm X Blvd.
easy access to subways (B, C, 2, 3) and buses (M4)
11 public schools (elementary, middle, and high) within walking distance, also 5 charter schools, 5 private schools
across the street from northernmost part of Central Park
a few blocks from Morningside Park, Riverside Park, and the Cathedral of St. John the Divine, which has the dubious distinction of being the largest unfinished cathedral in the world

Value

The Buyer Spend

September 20, 2011: 1C sold for $126,500 (most recent sale)
November 15, 2010: a unit sold for $210,000 (largest recent sale)
March 31, 2010: apt. 6H sold for $225,000

Property Taxes

Estimated Market Value: $5,425,000 2011/12
Taxable Value: $381,025

Building Investment

Project

Cost: $287,000
replacing defective brickwork
re-pointing mortar joints
rebuilding parapet walls
replacing clay camelback coping segments with aluminum coping
applying new cold-fluid-applied flashing
replacing defective terra cotta segments with matching fabricated cast stone segments
repairing decorative stonework and balconettes
replacing steel support members
recaulking window perimeter joints

Contributors

RAND Engineering & Architecture PC compiled the construction documents, obtained the work permit from the Department of Buildings, and is administering the work
Work performed by Juno Contracting Corp.
Rand’s Yessica Marinez is the project associate
Property manager Seth Weinstein of ABC Management and board president Ria Davis represented the board