Tuesday, February 26, 2013

☞ DWELL: 123 West 118th Street Still on Market



The 20-foot-wide limestone townhouse at 123 West 118th Street is still on the market after debuting back in summer 2012. There are not a lot of new property coming up on the market these days and the location, detail and size of this house should have helped it move but this beauty still sits on the market. Houses further up north that are in landmark neighborhoods (Hamilton Heights), and are as unique, have been going slightly under $2 million so the broker must be pricing this home based on the fact that it is located below 125th Street.

Almost everything seems to be intact in the roughly 5,000-square-foot, 3-family home but it appears it all needs to have a few updates. Fortunately all of the wood does not have paint on it and the bathroom is one of the most complete ones we have seen Harlem (the bath floors are obviously not original and we would probably just replace them with white marble hex tiles).  There's quite a bit of work that needs to be done here for the asking price of $2.695 million but the Mount Morris Historic District is one of the best neighborhoods in Harlem when it comes to architecture, shop proximity and express transportation. More photos and details on Streeteasy: LINK
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3 comments:

  1. westsiderFebruary 26, 2013 at 2:49 PM

    The right buyer would be someone prepared to work on finishing touches, like the bathroom tile. With this amount of original detail, the finished product would be a remarkable home. I would consider changing it to a one or two family.

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  2. UnknownApril 3, 2013 at 2:01 PM

    This home is over-priced. It needs a new kitchen and new baths. I find that Willie Suggs always overprices. That's why this 20-footer is still on the market. It's true value is somewhere in the $1.8 range.

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  3. Connie LeeApril 4, 2013 at 12:54 PM

    I agree with Lorraine any brownstone in the area that has sold for 2 million and over does not need any work and has original details. It will be interesting to see what it sells for. Please let us know.

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