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?
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.
ReplyDeleteit is worth no more than $350k based on what things sold for last year
ReplyDeleteMarcus Edward must not really want to sell
I just heard this sold for $1m!
ReplyDelete