The new owner of 399 Manhattan Avenue purchased the brownstone at one of South Harlem's most prime locations back at the tail end of 2013 when the fixer-upper was up for sale for $890K but has since tried to flip the property without actually doing any work on it. Back in April of this year, the house by 117th Street returned for the asking of $2.2 million but now has been reduced to $2 million over the summer. At that price point, one can get a fixed up home in Harlem on a pretty decent block and thus we expect this one to linger on the market for quite some time.
According to NYC's on line property records (ACRIS), the date of thee most recent deed is April 2014, and the sale was by the New York County Public Administrator on behalf of the estate of someone who must have died without a will and no direct heirs. The mount on the deed is a little over$1.5M and the buyer is 399 Manhattan Ave. LLC with a 42nd St. address. I really hate to flippers/speculators bid up the price of townhouses with investing a dime beyond their original purchase price -- that' not how you build communities and neighborhoods - you might as well be a day trader in stocks. You are not creating or developing anything of value for anyone by doing this.
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