An 8 family home has entered the market just outside the Striver’s Row historic district. The building is 17.5 wide by 51 and has a lot that runs just shy of 100′ deep. There are 5 studios and 3-1 bedroom apartments. The cap rate is 5.1 % for this rent stabilized building located around the corner from St.Nicholas Park and the B,C subway stops. There is plenty of upside as nearly every tenant has been in place for at least 4 years. One apartment will be delivered vacant.
The Mt Morris landmarked townhouse has now entered contract. The asking price was $2.2 million for this home which needs a complete renovation. The current status of SRO will likely undergo a change by the buyers who will convert to 1 or 2 family most likely.
The sale price was over the asking price and occurred quickly despite the typical seasonal slowdown.
146 West 121st street, which is in the middle of the Mt. Morris Park Historic district has entered the market. It is an 18′ wide, 5 story townhouse with a cellar. The home which has many original details still intact, has been in the same family for more than 70 years. It is located 1 block away from the Marcus Garvey Park and right in between the A,B,C,D and 2,3 subway stations as well as very close to the recently opened Whole Foods. In addition, Restaurant Row is nearby. The home will be delivered vacant with the certificate of no harassment .
A 1 bedroom apartment in Windsor Park has entered the market asking a modest $179,000. The apartment which has a renovated bathroom, galley kitchen, dining alcove and spacious bedroom with two exposures is located on the top floors and faces 73rd avenue(North). It is adjacent to Cunningham Park, two express buses to Manhattan, and a shopping center as well as the Windsor Park Pool and Tennis club.
Storage and parking are available in the community which converted to co-op in 1983. Showings have begun.
Apartment 7K has entered the market and features just over 900 sqft with a 18 foot south facing terrace. Kitchen and bathroom were updated and crown moldings were installed. The South facing apartment receives tons of light and can be purchased by an investor or end user. It is currently rented out for $3400 per month.
189 Edgecombe avenue, a single family home in the Hamilton Heights area of Harlem, sold and closed yesterday for $1.6 million. The property was a 16′ wide townhouse with 4bedrooms/2baths and plenty of original detail still intact. The new homeowner will restore this home by juxtaposing a top of the line renovation with the classic details already in place.
The property did not have a certificate of occupancy and the listing broker wore the dual hat of expediter and was able to get the Department of buildings to grant a letter of no objection to a single family use.
A high floor 1 bedroom/convertible 2 bedroom has entered the rental market. The 1 bedroom condo in the sought after 400 Central Park west condo has a 19′ terrace with southern views of Central Park and the Midtown skyline. There is plenty of customization in the renovation that took place and even an interior bedroom that can be a nursery. See the gallery below. Asking rent is $4000 and is available 3/1.