Friday, May 3, 2013

☞ DWELL: 227 Lenox Avenue Returns

It was only a year ago that 227 Lenox went on auction for $400K and now the landmark townhouse building has returned on the market for $2.8 million.  This about double for what it actually sold for and apparently the 26-foot-wide building at 121st Street has been completely gutted but nothing much else has happened to the interior.  Record selling buildings closer to the $3 million mark in the historic neighborhoods have all had great locations, original details and contextual, high end finishes.  This townhouse, although rather wide, only has location going for it so it will be interesting to see if the inflated sales price will work in the current market.  More on Streeteasy: LINK

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