Number 417 West 141st Street has returned to the market again a few years later and the price has remained the same at $1.25 million. During the beginning of the recession years, the 4-family home on the hill facing St. Nicholas Park might have had some issues selling but now that the market has been picking up, interest might be a little more brisk this time around since this is now considered a lower price point for a renovated home. With that said, the interior only has minimal original details and some of the rooms have been oddly chopped up. Location wise, the express train at 145th Street is only 4 blocks away and this little brownstone is just around the corner from one of the best historic districts in the neighborhood:
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Hard-to-move tenant in place, I believe -- otherwise the price would be higher.
ReplyDeleteWhy is it so hard to move tenants....the landlord should always have the right to have someone move out when lease is over....doesn't make sense and is a big problem in NYC
ReplyDeleteGee, I dunno, maybe so greedy landlords can’t turf people who have lived in apartments for years and years and have no where else to go onto the street?
Deleteyes, rent stab tenant on parlor floor really makes it difficult for a family to move in unless they open up the top two floors as a duplex. would be very hard to do that with a tenant in place. it has a CO in place though. This is for someone who is willing to buy out tenant and do complete reno. IMO.
ReplyDeleteIt is a rent stabilized apartment, and there are strong tenant rights. I actually believe in this concept, especially in NYC. Otherwise we would really have no financial diversity of any kind.
ReplyDeleteIf this is to be converted to a single family home for the owner then the tenant has to leave.
ReplyDeleteThis is all true. Renters have rights when it comes to rent stabilization even if the property is sold to another party. With that said, homeowners who want to convert their property into their primary residence as a single-family building also have the right to do so and are able to legally terminate any existing leases.
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