Number 533 Manhattan Avenue is finally on the market after sitting abandoned for several years. The 15 foot wide building which is close to the corner of 122nd Street appears to be listed as an A9-single family dwelling and SRO on the DOB site but has a very attractive asking price of $599K. Apparently, there's a potential of 3,136 square foot of space in the 1 family home once someone comes in and invest in the gut reno. On the down side, the building is narrow, the parcel is only 80 foot deep (standard is usually closer to 100 feet) and there's an open lot next door. That said, the property is only a block away from Morningside Park and 3 blocks away from the express A,B,C,D trains at 125th Street. A reader mentioned they saw some serious suits looking around this weekend. Facade photo by Ulysses
Tuesday, September 21, 2010
☞ DWELL: 533 Manhattan Avenue Brownstone
Number 533 Manhattan Avenue is finally on the market after sitting abandoned for several years. The 15 foot wide building which is close to the corner of 122nd Street appears to be listed as an A9-single family dwelling and SRO on the DOB site but has a very attractive asking price of $599K. Apparently, there's a potential of 3,136 square foot of space in the 1 family home once someone comes in and invest in the gut reno. On the down side, the building is narrow, the parcel is only 80 foot deep (standard is usually closer to 100 feet) and there's an open lot next door. That said, the property is only a block away from Morningside Park and 3 blocks away from the express A,B,C,D trains at 125th Street. A reader mentioned they saw some serious suits looking around this weekend. Facade photo by Ulysses
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I've noticed that particular block is hugely popular among location scouts for TV & Movie scenes. Also a lot of artist types have moved in to those adjacent brownstones. I have to admit, it was actually a pleasure walking by a few weeks ago and seeing a young man on his stoop singing and playing his acoustic guitar.
ReplyDeleteSo long as it doesn't cross the line into a poser type hipsterdom that Williamsburg (admittedly with it's many fascinating attributes) has fallen prey to. You know, the crowd that spend lots of $$$ on clothes that make them look like poor struggling squatter artists but don't know the difference between a paint brush and cat's tail.
As long as South Harlem maintains a genuine artist type vibe, then I'm in full support. Strum away strummer!
zLister, if the parade at the weekend was anything to go by, Harlem is probably the most vibrant, exciting, diverse place to be right now in NYC. Also, judging by the art walks that are selling out, there appear to be a fair number of artists residing in Harlem. Anybody know where I can find some good fish and chips?
ReplyDeleteI viewed this house a few years back. I believe there were some structural issues. I can't remember exactly, but my engineer said NO WAY. Also, the seller is in denial over the SRO issue. If you can get past the SRO / CHN and the structure stuff, then have an additional 800k for the Reno, you might as well buy a fully renovated house day one.
ReplyDelete750k mortgage and in foreclosure. Good luck getting this one converted. Stay away! Best to deal directly with the bank, since I am pretty sure the seller is out of the picture. 533 is a true harlem special...
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