Last year was a tough one for the Dover Condominiums at 252-256 West 123rd street but things are starting to pick up recently. The 2 townhouse condo conversion located just east of FDB/8th Avenue debuted in 2008 and sold 7 of its 12 units that year but 2009 saw no movement a all. Sales started to hasten as of late since one unit sold in April this year and now 2 more have closed in September based on Streeteasy:
LINK. So things are starting to progress in the right direction since only 2 one bedroom units are left and it seems the selling price per square foot is at the high $400's to mid $500's range with common charges under $400 a month. Has anyone had a chance to look at this one?
www.DoverCondo.com
There's no reason why the last two won't sell as well. Just takes time to find the right buyer willing to throw down the $450 - $550 per square foot. They are worth every penny.
ReplyDeleteThey seem lovely.
ReplyDeleteLovely block too with nice residents. Say hi to a lot of them on my way to work every day.
ReplyDeleteWe looked at one of them. Very nice buildings and block. The renovation seemed high quality. We weren't interested because the apartment was smaller than we wanted.
ReplyDeleteSaw this one in '08. Very pretty facade, nice finishes, exposed brick, high ceiling, beautiful block. Cons: uncomfortably tiny with a razor thin layout for the price at the time. Also, saw their garden duplex - the garden felt more like an alleyway and was about the width of a balcony and the spiral staircase that lead from one floor to the other was as narrow as the Chilean miner rescue capsule. I figured 2009 saw no movement because seller didn't budge on pricing. I followed this property on Streeteasy but I finally had to remove the address due to an overwhelming amount of email notifications every time there was a change in status - repeatedly on the market and off the market with no change in pricing. For a brownstone with only 12 units, I received triple the amount of status notifications than received from larger new construction condo buildings. Seemed awfully fishy.
ReplyDeleteyes, I looked at this building as well. The street easy listing is really just one apartment with a misleading double listing. One apartment has sold in september, not two. There are two apartments left on the top floor. It is a walk up with no doorman. The top floor apartments have super narrow living rooms, small kitchens and visible leak marks on the ceilings. Overall it is not a bad place, but at the over 600 dollar per square foot asking prices, not worth the price for all the reasons described above. I was talking to a broker friend about harlem who told me that he had a client interested in one of the remaining apartments but that the developer was not interested in offers less than 575 ppsf. Def not worth it, when you can get something down the street with a doorman and an elevator for nearly the same price. I am thinking the garden apartment sold for that price because it is a ground level apartment and had a really bad, um, garden area. Also, you do not know who paid transfer or legal fees, which would be rather high on a new development.
ReplyDelete@Harlem Properties: Yes, just as the market began to sink, we were able to purchase a larger-than-expected condo on upper 5th Ave., an area which I (controversially) embrace as "High Five." :-)
ReplyDeletezlister, condover, judging by your less than encouraging feedback, the agent must have done an amazing job selling these apartments. Haven't actually seen them, but they are certainly in a lovely location which probably helped to get them moved. Any idea if there is roof access from the PH units? Also, based on those photos, the rooms don't look all that small. In comparison my kitchen must be absolutely tiny ;)
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