Friday, September 27, 2013

☞ DWELL: 399 Manhattan Avenue Townhouse

An estate sale just arrived this week on the highly desirable Manhattan Avenue in South Harlem.  Number 399 Manhattan Avenue (at right) is currently asking for $890K which is basically a low ball amount regardless to the fact that the townhouse needs work.  The building by West 117th Street already has 14 interested parties saving the details on Streeteasy and there probably will be quite a few bidders at play before the contract gets signed.

Checking the DOB website, Number 399 appears to not be an SRO so that will help the potential buyer get the property in order more quickly.  Apparently original details also remain on the interior and that could help out immensely if the right owner steps in to have a proper restoration come about.  Based on all of the other high end renovated home sales with intact details in the immediate area in the past year, this brownstone might just end up being worth the $2.5 to $3 million range once finished up correctly.  More on Streeteasy: LINK

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