Thursday, December 2, 2010

☞ DWELL: 535 Manhattan Avenue Lot

The other great vacant townhouse lot location in South Harlem can be found just north of 122nd Street at 535 Manhattan Avenue.  Express trains are 2 blocks away at 125th Street, Morningside Park is just a block west and the area has some beautiful tree lined blocks with intact brownstones.  The bad news is that the next door building at number 533 is a boarded up SRO that seems to be in limbo: LINK.  The property is also only 15 foot wide and guessing from the broker's website, it would seem the asking price is $1.195 million: LINK.  Based on DOB records, the original brownstone was demolished way back in 1967 so the owner will probably make a large profit even with a hefty price chop.  What is this land really worth?

2 comments:

  1. According to city records, Marcus Edward of 535 West 118th Street paid $7000 for to buy the lot (block 1949, lot 15), in January 1996.

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  2. it is worth no more than $350k based on what things sold for last year
    Marcus Edward must not really want to sell

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