The 3-family brownstone (center building) just east of 5th Avenue at 16 East 130th Street has been on the market since November 2007. The 17 foot wide, fully renovated home was asking originally for $2.65 million a couple of years back and after several price chops, the property is currently at $1.95 million. On the plus side, this immediate area right off of 5th Avenue, from 125th to 130th Street still has that charming Mount Morris Park feel to it (even though it is outside the northern borders of the historic district) and the housing stock is pretty intact. On the negative, some critics might think that the renovations, although thorough, could have benefited from having some original details to make the 4,500 square foot property more attractive. That said, the overall interior finishes are more on the moderate side and the 2,3 train at 125th Street is a good walk to get to (five blocks down and one avenue over on Lenox). House photo by Ulysses
The 3-family brownstone (center building) just east of 5th Avenue at 16 East 130th Street has been on the market since November 2007. The 17 foot wide, fully renovated home was asking originally for $2.65 million a couple of years back and after several price chops, the property is currently at $1.95 million. On the plus side, this immediate area right off of 5th Avenue, from 125th to 130th Street still has that charming Mount Morris Park feel to it (even though it is outside the northern borders of the historic district) and the housing stock is pretty intact. On the negative, some critics might think that the renovations, although thorough, could have benefited from having some original details to make the 4,500 square foot property more attractive. That said, the overall interior finishes are more on the moderate side and the 2,3 train at 125th Street is a good walk to get to (five blocks down and one avenue over on Lenox). House photo by Ulysses
Perhaps the borders of the historic district should be revised to include this area. This will help preserve some of Harlem's most beautiful sections, and this would make the historic area contiguous....it makes sense.
ReplyDeleteGreat area!
I agree. These brownstone blocks around 5th/Madison are gorgeous for the 5-10 blocks north of 125th.
ReplyDeleteMadison Ave to Lenox Ave from 125th-130th has some of Harlem's most beautiful architecture.
ReplyDeleteCan someone explain how can this home be 4500sqft? Is it a 5 story home? It looks like a 4 story including the garden apt. I thought it would be a 17'x50' making it around 3500sqft.
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Broker has it at 4,500 but public record shows 2,499 square foot. Great housing stock in the area but a trek to get to transportation.
ReplyDeleteI'm on 127th right off of Madison Avenue. Split between 2/3 and 4/5/6. It's relatively close to the subway. I don't think it's any closer or farther to the subway than this home on 130th.
ReplyDeletethere most likely including the celler in this square footage assessment plus they are fudgeing alot. Most reno buildings in Harlem are in the 3000 sq foot range including basement.I once again am the hater of Harlem's sky high real estate prices. This place should sell in for 1.2 maybe 1.3
ReplyDeleteCorey, sky high real estate prices? What are you talking about? Prices are very reasonable compared to ALL other neighborhoods in the city. Or are you suggesting Harlem is a s**t hole and doesn't deserve to have prices above $400 sq. ft? My only guess is you currently rent in Harlem and desperately want to buy a place on the cheap.
ReplyDeleteit's a really nice block, and walk to subway takes 10 minutes at best.
ReplyDeleteIt should be 17 x 50 x 4 = 3,400 feet. I don't care if city records show it's less, ground floor (not basement) is always counted in townhouse measurements. Depending on the quality of the reno I could see up to $500 psf being jusfitied, which means $1.7 million.
ReplyDeleteOf course, I'm the first to say townhouses shouldn't be all PSF. Is it renovated? If so, is it a top-notch reno (central A/C, top appliances, original detail, while not everybody's taste, tends to sell better especially if well-done with some modern finishes?) How wide is it? What street is it on? At least downtown, well-renovated, wide townhouses (beauty is in the eye of the beholder but only to certain point), can go for 3,000+ psf even in this market, whereas most condos and coops tend to be in the $1,000-$1,500 psf range, maybe up to $2000 psf for really large places with great views and outdoor space.
I'm with Corey - this moves at 1.1/1.2MM. Chris, its less expensive compared to other 'hoods because Harlem has less amenities than other 'hoods.
ReplyDeleteActually, I own a beautiful 3 family on 132nd btwn 7th and 8th. Its the one with all the flowers out front and the black and gold railing. There are several reasons keeping Harlem's prices down. The first being all the burnt out buildings. These places are now selling in the 5's and require 100k- 200k a floor. Secondly try to get approval for a loan. It is very hard to get a loan for 1 million + in this market. Simple supply and demand.There are to many houses here and not enough buyers. I love Harlem. I love my street and my neighbors but that doesn't change the fact that houses here go for 300-350 dollars a sq. foot. Do I think it's a steal at the price? yes. Harlem is a steal. There should be no abandoned houses and renovated places should be flying off the market but it's not happening. We all live on blocks with boarded up windows were owners are waiting for 2 million dollars. Not going to happen.It makes me sick to look across the street and see houses from 1910 falling to pieces. If you want higher prices start going to council meetings, precinct meetings, block association meetings etc.. and demand Harlem gets what it deserves.
ReplyDeleteCorey Jace Scott
Yo Corey—giving out your name and address (with a description of the building!) on the internet is not the best idea you had today.
ReplyDeleteLove the idea of expanding the Mount Morris Historical District. I'd be thrilled to call my area (5th Ave. just above 125th) "Upper Mount Morris."
ReplyDeleteor maybe the "5th Ave Historic District"
ReplyDelete5th Ave. Historic District might be an easier sell, come to think of it.
ReplyDeleteThe community would have to have a landmark designation for that to happen. Coming up with a name like SpaHa for Spanish Harlem is much easier to pass around. A historic district is in the books. You can't just make one up.
ReplyDeleteOkay, how about HIgh Five? I just mad that up.
ReplyDelete"made" that up. Hate those typos.
ReplyDeletehey all
ReplyDeletea little bit about 16 east 130th. actually the demensions are correct because it has a beautiful backyard. location, location, location which makes it worth the price which is now at $1.699 (damn this market!). actually i'm all for calling the area upper mount morris park. amenities are coming and no harlem should not be given away on a silver platter. it's the city's final frontier