DWELL: ANOTHER RECORD SRO CONTRACT

SROs are often a tough sell because of the all the legal paperwork involved but Number 9 West 124th Street now has a contract out based on the asking of $2.5 million after being on the market for two weeks.   This location just east of Fifth Avenue with park views is the last row of brownstones in the Mount Morris Park neighborhood as the blocks transition into East Harlem.  With that said, some of the units are still occupied in this rent-stabilized townhouse so buyer must know what they are doing.  The listing points out that the address is not in the landmark part of the neighborhood but previous maps might indicate otherwise.   Another record SRO sale at the same price point also closed this past summer over by the FDB corridor:  LINK