The old mason's house (mason's crest is at the front awning) at 139 West 123rd Street, just West of Lenox has been up for sale this past year. The facade-intact, 3,565 square foot brownstone reaches the golden 20 foot wide front dimension and is not an SRO. The current asking is $725K for a house that is classed as an S5, 5-6 family building with commercial space but the interior is reportedly set up as a 4 family. Has anyone been inside this one? Apparently it is in habitable condition but the overall shape of the building looks like it definitely needs some upgrades. Location wise, the townhouse is just outside the historic district and a short couple of blocks away from the 2,3 express at 125th Street and better restaurants in the area.
Tuesday, August 31, 2010
☞ DWELL: 139 West 123rd Street Brownstone
The old mason's house (mason's crest is at the front awning) at 139 West 123rd Street, just West of Lenox has been up for sale this past year. The facade-intact, 3,565 square foot brownstone reaches the golden 20 foot wide front dimension and is not an SRO. The current asking is $725K for a house that is classed as an S5, 5-6 family building with commercial space but the interior is reportedly set up as a 4 family. Has anyone been inside this one? Apparently it is in habitable condition but the overall shape of the building looks like it definitely needs some upgrades. Location wise, the townhouse is just outside the historic district and a short couple of blocks away from the 2,3 express at 125th Street and better restaurants in the area.
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Seems insanely cheap doesn't it?
ReplyDeleteBe 99% certain the price belies 'something'. This property's been on the market for 3 months (that i know of). No property on the market for 3 months is 'cheap' or a "deal". It's got 6 figure foundation issues and or some other undisclosed series of matters amounting to serious expense. Be certain there's a reason it's no sold in June, July, or August....
ReplyDeleteThat's what I was thinking Reynolds93. Seems a bit dodgy.
ReplyDeleteDefinitely buyer beware. If the Certificate of Occupancy is for a 5-6 family banks will categorize this property as commercial and it will be virtually impossible to get a mortgage.
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