Thursday, January 30, 2014

☞ DWELL: Record Contract in East Harlem

A 25-foot-wide townhouse in East Harlem has a record contract out for the high asking price of $3.125 million.  Number 309 East 109th Street is around the corner from Second Avenue and not really in a prime location in our opinion and the interiors are renovated without much detail interest inside.  So what is up with the higher price that would even be considered highly respectable in prime South Harlem or West Harlem for a brownstone buyer?  Apparently the land has been zoned for a 12-unit development so this is not about a new home buyer who wants to move into the neighborhood.  There still is quite a few empty lots uptown so it is kind of a shame to destroy an intact old building especially since East Harlem's historic housing stock has been decimated with bland modern building for the past 6 decades.  More on Streeteasy: LINK

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