The brownstone renovated with high-end finishes at 30 West 120th Street has an even reportedly loftier owner but was pulled off the market back in November when the property didn not move. When the townhouse first appeared on the market a year ago, the initial asking price for the 18 foot wide brownstone facing Marcus Garvey Park was set at $3.45 million. The single family home with a bathroom on each floor (and a couple of half baths) was reduced to $3.1 million and finally was taken off the market by fall. As of this week, the brownstone has returned to the market at an even lower asking price of $2.89 million. Is this more on target?
That is a large, magnificent property on what is one of if not the best block in Harlem. The only thing that could be better would be if it were a 20-footer. But I still don't see that the market will support that price, though I would love to be proven wrong.
ReplyDeleteA price cut from 3.1M to 2.89M is less than 7%. That doesn't strike me as the sort of price slash that is going to pull in the offers if the 3.1M price wasn't doing it.
No expert, but I agree. Psychologically, you're better off making a substantial cut than making small piecemeal reductions. But yeah, would love to be proven wrong :)
ReplyDeleteI think it is still priced at the high end..
ReplyDeleteIt is certainly a huge building, but at $622.58/square foot it is still substantially above the current market. (Believe me, I too which this weren't the case!) When a special home like this one is on the market, any perspective buyers should do their research and give the seller a solid offer on the house, offering nothing less than a fair market value.
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