Wednesday, December 15, 2010

☞ DWELL: 74 West 119th Street in Contract

The 16 foot wide, partially occupied SRO brownstone at 74 West 119th Street is apparently in contract as of last week. There are 9 studio apartments altogether and only 3 are empty at this landmark house in the Mount Morris Park Historic District.  We always liked the stock of homes on this block just east of Lenox Avenue but many of them seem to be SRO's and haven't been fixed up in some time.  So the asking was $750K when the brownstone first hit the market in January until the owner switched brokers in back in August.  After being on the market 4 months at the new asking price of $850K, the townhouse is now in contract.  This one looks like a lot of legal work for what will basically be a gut renovations at the end of the day.

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