What could be the most expensive SRO building on the market in East Harlem appears to have reduced its asking price back in December. Number 1889 Lexington Avenue is an occupied building with 8 units that was up on the market for $1.25 million this past summer. The shabby building is surrounded by some new construction at East 117th Street and is close to the subway stop on the corner of 116th Street but was not able to find a buyer in 2011. Now the price has been reduced dramatically and the property is going for $800K. This is one of the only townhouses facing the avenue that is left in the area so it will be interesting to see if it sells at the new asking price.
Good luck to them at any price in this economy for an occupied SRO.
ReplyDeleteAgreed. Not sure I'd take an occupied SRO for free given the hassle and cost of dealing with SRO tenants.
ReplyDeletebut it has balloons! See? In the upper window.
ReplyDelete