The old church building on Manhattan Avenue (just below west 116th) has finally gone into contract and it appears that the neighboring townhouse is looking to sell for a similar price. Number 369 Manhattan Avenue arrived on the market last month and the 4-family, 2,400 square foot building is asking for $1.595 million initially. At a generous 20 foot wide with modest builder-grade finishes, this house has a one block proximity to the lower FDB corridor and is only a couple of blocks away from the subway. The exterior isn't so bad looking itself but the double-wide church next door currently went into contract when the price of that property lowered to $1.65 million. Granted the church property will require a lot work, this townhouse might be different in the sense that it appears ready to rent out for the most part.
and there is no guarantee that the double-wide church property isn’t going to be torn down and something built in its place so I would be leery of buying the place next door.
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