DWELL: LOWER PRICE HARLEM HOUSES ON THE MARKET

Finding a cheap townhouse (even a shell) listed for under $1 million in Harlem at the end of 2014 is a challenge.  There are basically two options thrifty buyers can look at but they both have points that might not be agreeable to those seeking a new home. 


Number 2289 7th Avenue:  This 2-family home going for $999K is located at a commercial corner just below 135th Street and close to St. Nicholas Park, subway lines and finally some better restaurant options.  Everything seems to have been renovated at some point the past decade but a real eye for design will be needed to make the interior more charming.  On the downside, the brownstone is only just about 13-foot-wide and has a rent stabilized tenant on the top floor: LINK


Number 217 West 131st Street: A 4-family home that has been renovated recently going for $990K might appear to be a great price point but the location is the deal breaker to some here.  This is one of the side streets facing the housing projects which tend to bring down property values and thus the low price on the market.  With that said, this could be an ideal situation for investors: LINK