Tuesday, July 17, 2012

☞ DWELL: 251 East 110th Street in Contract

The townhouse known as The Saint House in East Harlem was first up on the market for the asking of $1.95 million back in January and finally went into contract this month after a price reduction to $1.775 million back in March.  Located just west of 2nd Avenue, the 4-story building has a lower level commercial space used as a gallery, the 2nd floor is an artist studio with the aforementioned saints residing and the top two floors consist of a duplex.  With 4,910 square feet of space, this is a pretty substantial adaptive reuse building and is only a couple of blocks away from 110th Street Station on Lexington Avenue.  More details and photos on the broker site: LINK


  1. Taxes are apprx $30,000 per year on the property. Not sure how anyone could pay close to asking with this tax load. When I looked at the property, I made a 400,000 adjustment in my thinking to cover the cost.

    Nice place - just don't get the tax situation.

  2. Paul, when you are on a tax abatement, any idea how to find out what you might be paying (approx.) in taxes when the abatement expires (in 1 year)? Thanks.

  3. It's on property shark - I assume they pull the data from the NYC Dept of Finance.