Number 357 West 121st Street went on the market this past spring and closed in August at the highest record sale of 2012 for Harlem. The 16-foot-wide, 2-family home has a solid South Harlem location that is right around the corner from Morningside Park, close to the FDB retail corridor and a short walk distance to the express trains at 125th Street. Renovated interiors that update the infrastructure but keep the character of the original home probably helped find the right buyer also. According to public records, the house sold over the asking price of $2.85 million and finally closed for a cool $3 million. Unless another brownstone sale closes in the next couple of weeks, number 357 West 121st Street will keep the title as the highest selling townhouse for the year.
beautiful house, but what an odd layout. kitchen and master BR on same floor? interesting.
ReplyDeleteVery charming block, that must also help the price as you are not just buying your home but into the neighborhood. Looks like a bidding war, 3 million and not even 18 feet wide, well done to the seller and welcome to Harlem for the buyer.
ReplyDeleteAssuming it's 50 feet deep with no extensions, the buyer just paid $937.50 per square foot.
ReplyDeleteWoh.
I don't get it. This sells for $3 mil and there are houses that look just as nice ad are in great areas that sold for half in 2011. 101 west 121st is a 20 footer and sold for less than 1.4 mil and it looks much nicer and is in a great area just off Lenox.
ReplyDeleteAny ideas?
looks from property records like 101 has five residential units whereas 357 has one or two. That might be a key differentiator. 357 is also very close to Columbia, although not sure if that makes a difference.
ReplyDeleteThe new gains taxes going into effect on Jan 1st, likely are pushing people to close before the new year...
ReplyDelete