Thursday, January 27, 2011

☞ DWELL: 371-373 Manhattan Priced Lower

The former church property up for sale at 371-373 Manhattan (just south of 116th Street) that was going for $2 million last year has had another price cut recently.  This was the building that the mosque on FDB was trying to buy but couldn't complete the contract and by the last quarter of 2010, the price was reduced to $1.85 million.  After not getting any offers, it looks like another 10 percent was taken off the asking about a week ago and now one can get the pair for $1.65 million. From the look of this particular townhouse block, it appears that all the houses at this corner were from the same architect and 371-373 had been resurfaced to combine two of homes decades ago.  If one were to restore the line of this block, No. 371 would probably have a straight roof line with a cornice and No. 373 would have the pointed gable design.  There's not much curb appeal as is and interior will probably need a lot of work so this is why it's probably sitting on the market still.

5 comments:

  1. I thought I saw on Streeteasythat this was in contract. There was a big broker's sign on it offering it as a development site.

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  2. That contract reflects when the mosque was trying to buy it. They never updated that listing.

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  3. You are right about the 'no curb appeal' thing....maybe shutters? window boxes? awnings? It needs something to break up all that flat brick.
    Re Sanou's Mum's post, I also thought it was sold after the mosque deal fell through. Will ask the broker about it.

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  4. Maybe the mosque can afford it now? (If that in fact was the issue.) They desperately need to move into a bigger place. Poor guys are spilling onto FDB to worship.

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