The five-family, grey painted townhouse at 260 West 121st Street (east of St. Nicholas Avenue) went into contract at the end of May after being on the market for 7 months. The 18 foot wide building had great bones to it but the chopped up rooms and boarding house setup was daunting to some. There is also the open lot next door which is an unknown variable for the future. The original asking price was at $1.3 million but that number would eventually go down to $1.15 million. Location wise, it's less than a 5 minute walk to the A,B,C,D trains on 125th Street, right next to all the new restaurants on FDB and in short distance to Morningside Park. The electric was at least upgraded in this building so it will be interested to see what it eventually sold for. Did anyone see this house? Thoughts? Photos by Ulysses
The five-family, grey painted townhouse at 260 West 121st Street (east of St. Nicholas Avenue) went into contract at the end of May after being on the market for 7 months. The 18 foot wide building had great bones to it but the chopped up rooms and boarding house setup was daunting to some. There is also the open lot next door which is an unknown variable for the future. The original asking price was at $1.3 million but that number would eventually go down to $1.15 million. Location wise, it's less than a 5 minute walk to the A,B,C,D trains on 125th Street, right next to all the new restaurants on FDB and in short distance to Morningside Park. The electric was at least upgraded in this building so it will be interested to see what it eventually sold for. Did anyone see this house? Thoughts? Photos by Ulysses
Ahhhh. Always wondered when this place would sell. Another great sign for the market I think. Looks great from the outside (needs a ton of work though), but didn't ever make it in to take a look.
ReplyDeleteEvidently one problem for most buyers was the fact that it has a 5-unit C of O, which means you have to get a commercial rather than a residential mortgage. Other than that, it's quite a nice place.
ReplyDelete