Monday, June 17, 2013
☞ DWELL: Record Asking Price for Astor Row
As far as price point is concerned, one might expect a little more detail happening inside for a renovated Harlem home in $2.5 million range. The last time an Astor Row home had a change of ownership was back in 2010 when one of the houses in need of renovation sold for $975K. A townhouse not on Astor Row but close by on Fifth Avenue sold for slightly over $2 million back in 2011 and another Fifth Avenue house in the area is under contract now for the $3 million price point.
The big difference with these record properties and the Astor Row property is that even though they have been upgraded throughout, the original details still shine within. Astor Row should be able to command a $2 million price point but buyers at this range tend to want upgraded finishes along with some sort of historic restoration or contextual design within the interior. After looking at the interior renovations of this current property, we kind of wished a good kitchen designer was involved or that some moldings or woodwork could have been added back in the formal areas. More details on this home can be found on Streeteasy: LINK