Monday, June 11, 2012

☞ DWELL: 719 & 721 St. Nicholas Up for Sale

The Thayer and Robinson designed houses at No. 721 and No. 719 St. Nicholas Avenue are apparently up for sale once more.  Each building has a different price tag listed for them based on listings that appered on Streeteasy at the end of May and the corner building is going up for $1.8 million while the next door neighbor is set at $1.4 million: LINK.  This corner of St. Nicholas Avenue and 146th Street is set in the landmark district of Sugar Hill and the houses could become a great set of adaptive reuse condos if the right developer comes along.  Number 721 reportedly comes in at  22-foot-wide, has a total of 6,797 square foot of space and was notably an exclusive boys school when it was first constructed.  Location wise, the properties is right by the express train and some of the shops at the 145th street commercial corridor. On the down side, these houses will be a total gut rehab and appear to be chopped up in an SRO configuration.

2 comments:

  1. A tip has it that these buildings have sold and the new owners presented the renovations plans to CB9 last night. Streeteasy has not been updated and shows that the properties were just listed a couple of weeks back.

    This may be a developer just trying to see what their best options are. Invest for now or hope a better offer comes along for the shells.

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  2. Going through CB9? Well that means any hope for decent conversion to a condo is doomed. They'll want a soup kitchen in exchange for market rate condos. Ridiculous.

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