On and off the market since 2007, the East Harlem farmhouse-church-condo conversion at 236 East 111th Street (between 2nd and 3rd Avenue) had been trying to sell one of its 2 duplex apartments initially in around the $2 million range. Now after several price chops (and no sale of the one unit), the entire 4,965 square foot designer house is being offered for asking price of $2.545 million. There's 7 rooms, 3 bedrooms and 4 baths with total common charges of $1,000 per month. The 4,6 train at 110th Street and Lexington is less than 2 blocks away east. This is a pretty unique space and the asking price is one of the highest ones in all of Harlem.
It’s adorable and I bet it costs and arm and a leg to heat in the Winter.
ReplyDeleteYa' know Sanou's Mum I hadn't considered that before but you are probably right. A space like that is probably off the charts in terms of cost of utilities. And thats something important to consider when making such a purchase. My electricity bill for a 900+ sq ft apartment approaches $95/monthly and thats if I turn off everything and pull the plug on everything but the fridge before leaving the apt.
ReplyDeleteGreg, that doesn't sound too bad. It is actually something that really caught us by surprise, especially having rented for ten years prior with utilities included! We have roughly 1600 sq. ft and our combined gas and electric is typically around $200. It reaches upwards of $300 on those hot summer or cold winter nights!
ReplyDeleteSince we are on the subject of utilities, can somebody explain whether we should replace our 11 year old hot water heater with just another heater, or is it worth considering the on-demand kind? Advice much appreciated. Cheers! We are top two floors and current hot water heater is in the basement along with the boiler.
How can it still be a condo if the entire house is available? I'm guessing that means that the house is not for sale just the space within the house? So the common fees go to the owner?? If that's the case, for that price, I'd look into buying a house outright.
ReplyDeleteChris--what's an on-demand water heater?
ReplyDeleteThis is my first ever venture without an oil burner-driven heat/hot water all in one system. God bless the owners before me who gave each of the two tenants their own boiler and hot water heater.