The two-family townhouse (corner property to the right of top photo) at 111 West 111 Street had an asking price of $2.37 million when it went into contract back in April, but what did it finally sell for? The five floor, 15 x 70 foot wide townhouse, just one block from Central Park, has around 4,335 square feet in total and was on the market since December 2008. Did it make it north of $2 million? The final price on record has now been revealed to be $1.96 million which might be one of the highest priced house sales above 110th street in some time. Read more on this property in our past post:
LINK. Facade photo by Ulysses
The two-family townhouse (corner property to the right of top photo) at 111 West 111 Street had an asking price of $2.37 million when it went into contract back in April, but what did it finally sell for? The five floor, 15 x 70 foot wide townhouse, just one block from Central Park, has around 4,335 square feet in total and was on the market since December 2008. Did it make it north of $2 million? The final price on record has now been revealed to be $1.96 million which might be one of the highest priced house sales above 110th street in some time. Read more on this property in our past post: LINK. Facade photo by Ulysses
I don't know if that's just good staging but it looks really nice.
ReplyDeleteNo surprises here. Based on these numbers that is $452/sq ft. Which remains under the $550/sq ft benchmark for prime Harlem townhouses.
ReplyDeleteThis is close to the Park, but not such a great corner, and a very narrow building. It doesn't have the high ceilings and grand parlor floor of a historic townhouse...
So in line with what you'd expect.
The street is not a nice looking one.
ReplyDeleteI'd say the street itself is not so bad -- at least for points west. Heading east it's less a matter of 111th or other side streets themselves than of the nexus between St. Nick and Lenox near the subway stop.
ReplyDeleteFor one, it's a massive house with a rooftop deck, a full basement and hardwooed floors throughout. It also has a great rental unit and a 15 year tax abatement! Not to mention it was gut renovated down to the beams in 2005...so basically it is a brand new home.
ReplyDeleteThe Harlem market will go back up, so the new owners got a great deal on a house that will surely appreciate in value in the next 5 years. My guess it could sell for $2.95 in 5 years. $950K profit in 5 years is not bad.