730 St Nicholas ave, located in the Hamilton Heights/Sugar Hill historic district was previously in the news as it was going to be converted to a drug treatment center. The Community mobilized and was able to stop the conversion of the historic home and as a result, the owner has put the property back in the market for roughly $1 million more than the 2017 purchase price.
If sold at their asking price, it would break the record for most expensive Harlem townhouse. However, sales are very slow at this price point in Harlem so a sale may be hard to come by.
The Author- Brian Silvestry , a licensed real estate broker, has been selling residential and commercial real estate since 1999. He has sold in every neighborhood from Battery Park City to Washington Heights.
Neighbors in the Hamilton Heights/Sugar Hill historic district gathered to protest the potential opening of yet another drug treatment facility in Harlem. According to officials 13 of the 29 methadone clinics in Manhattan are located in Harlem. The operator, Argus Community Inc. needs to get a license from the State to operate a methadone clinic and neighbors are trying to prevent that from happening. The building in question 730 Saint Nicholas avenue was purchased for $ 4.3 million in August of 2017.
Why does an operator buy such an expensive property in a landmark, residential district to convert to a methadone clinic?
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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