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 .
The asking price is $2.2 million.
The building sits on the southern side of West 121st street between Adam Clayton Powell boulevard and Malcolm X Boulevard.
The home has air rights and is built 18′ by 50′ according to City records.
Currently, the home is setup with SRO rooms and 1 garden apartment.
Inside rooms have many fireplace mantels waiting for restoration.
The 18′ wide townhouse currently an SRO, will be an ideal conversion into a single family mansion, multi-family or even a condo.
The street view of West 121st street looking west.
Many times, I am asked this very question by potential sellers and the answer is it depends. Right now we are heading into the holidays and the coldest part of the year and a shifting market. As the market shifts more heavily in the favor of buyers, starting to sell an apartment in late November,December is like riding a CitiBike uphill with a cold wind blowing in your face. It can be done but it might be better to pursue a different strategy. I have already advised a couple of potential sellers to start late January or February. The reason is that the holidays will be past and that timing will be just prior to the Spring selling season.
Typically, also starting right before a major holiday is not ideal like Memorial Day, July 4th or Labor day. However, in those cases you can start right after the holidays as potential buyers return from their vacations or long weekends.
News about the NYC real estate residential and commercial markets provided and interpreted by an industry veteran licensed since 1999. Brian Silvestry of BSRG Inc. Licensed real estate broker
