The two side-by-side townhouses at 123rd Street and St. Nicholas Avenue have recently had some price cuts. Brokers have been calling the location Morningside Heights but Morningside Avenue (two avenues west) is the actual border of that neighborhood and the buildings are in that part of Central Harlem that is south of 125th Street. Originally on the market for $2.875 million back in February, the properties are now asking for $2.2 million for the pair. The ornate townhouses are both approximately 17 foot wide, sit facing the rather austere police station and have some other issues to consider. Number 305 (at left) apparently has multiple stop work orders on it from a previous condo conversion effort back in 2009 so the paperwork for that one seems pretty unclear. Number 303 is a rented legal 3-family with a primary commercial space at the lower level which apparently is not in use as such. The latter building is also being offer separately for a recently reduced price of $1.1 million (from the original $1.475 million).
These buildings sit by the luxury Dwyer condos (at left) but have a huge parking lot the size of a major building out back. Not such a bad deal if one doesn't mind the possibility of a high-rise in the back yard in the future. The location is by the other new condos in the area including the Aloft Hotel and only a couple of blocks away from the A,B,C,D express trains at 125th Street. Thoughts? Facade photo by Ulysses
There is or was a bar downstairs from one of them. Location wise, couldn't be any better. Not sure about the condition/interiors though.
ReplyDeleteI pass this location on my daily on my way to the subway station and see enormous potential for another luxury building with retail space on FDB (that's if you include the parking lot next to and behind the property.) I'm sure it's just a matter of time since that area surrounding the Harriet Tubman triangle is insanely popular right now.
ReplyDeleteThere's the Dwyer Lofts on 123rd which I think might be completely sold out, there's 2280 FDB across the street which I know from the sale office units will be closing any day now if not already, there's the W Aloft hotel, there's the available space where the shell station used to be on the corner St. Nicholas and 122nd which is rumored to be considered by the developer of FDB. There's another huge lot on the east corner of 122 & FDB. (Does anyone know what's going on with that? )
Then smack in the middle of it all is the harsh fortress eyesore of a police station to give some of those potential newcomers a sense of security while they can't erase images of the area's crack infested 80's past.
I wonder if the city has any plans to reface it. The angled street parking clearly isn't working. The police cars and paddy wagon trucks barely leave walking room for pedestrians on the sidewalk and if they do it means they're taking up the bike lanes. And it's just plain damn ugly and cold.
There is a bar in the commercial space on the first floor. It is regularly open in the evenings.
ReplyDeleteAnd FYI - 2280 FDB has the first closing scheduled for this Friday I think but it might push. Still waiting on the 1028 from Fannie Mae. Also, Hans, the developer of 2280 FDB already owns the old gas station lot. Work has begun on prepping it for a 13 story condo building with retail in the bottom.
Anon 12:21, that is awesome. It sounds like this whole area is seeing a lot of activity. Does anybody know what retail might be going in at 2280 FDB?
ReplyDeleteA 13 story condo buildings? Aren't the height restrictions no more than 12? I'm all for the new buildings and neighborhood improvements but I cherish the valuable sunlight that's currently in abundance way more. Look at how 5th on the Park ruined the Marcus Garvey park experience by casting a shadow on half of the park.
ReplyDeleteHiccup on the 1028 for 2280 FDB. They were denied. Leaving all contract holders with Fannie Mae mortgages in a really bad position. An official closing date without financing that will work for the building.
ReplyDelete