NYC’s hottest real estate opportunity? Currently a jail directly across from Central Park! - Rava Realty

NYC’s hottest real estate opportunity? Currently a jail directly across from Central Park!

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Spectacular views that only crime could pay for. For 43 years, inmates inside the caged rooftop recreation yard of Harlem’s Lincoln Correctional Facility could stretch their legs while luxuriating in the unobstructed sights of Central Park and the city’s sprawling skyline to the south. Now the facility is poised to close — and the jailhouse is suddenly Manhattan’s hottest piece of high-priced real estate.

The W. 110th St. (aka: Central Park North) property, opened as a prison in 1976, will be shut down and sold off in the next 90 days. It’s prime real estate, it’s exactly what everyone wants.

The lush panorama stretches from the idyllic Harlem Meer and quaint Charles A. Dana Discovery Center in the park’s northeast corner all the way down to Midtown’s jutting high-rise skyline.

Iconic skyscrapers like the skinny and sleek 432 Park Avenue building, Extell’s brand new Central Park Tower (New York City’s priciest building to date) and the tip of the Empire State Building are visible beyond the park’s vibrant green foliage. Because of the Central Park views, the prison block in Harlem and adjacent streets are already a hotbed for luxury apartment rentals and condos for sale.

Harlem real estate prices have skyrocketed in recent years. At Circa Central Park, a new development at the corner of West 110th Street and Frederick Douglass Boulevard, a penthouse sold for $2,531 a square foot last October (source: NY Daily News).

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