Tuesday, June 28, 2011

☞ DWELL: 371-373 Manhattan Avenue Returns

Selling the former church at 317-373 Manhattan Avenue and 116th Street does not appear to be an easy task even though it has attracted interested parties.  Back in 2010, the nearby mosque on FDB tried to purchase the building when it was up for $2 million.  That deal fell through and the property soon reappeared for the asking of $1.65 million  and went into contract earlier this year in March.  As of last week, the property that consist of two combined townhouses has returned to the market once more for an even lower $1.4 million asking.  The location is near the major parks, subways, Columbia University and the lower FDB corridor so whatever comes along will definitely be a development to look out for.

1 comment:

  1. This is an all cash purchase. The buyer is an artist living in the West 120s. She plans to install big windows and make the space a place she can work. The previous buyer was a developer wanting to renovate the double buildings into 2 townhouses to sell but determined it was too risky a venture at the seller's asking price after consulting with representatives at HPD and the Department of Buildings on numerous occassions.