$1,600,000
Updated 11 years ago
Sold

1978 Madison Ave

East Harlem, Manhattan | East 126th Street & East 127th Street

4,260 Square FeetIncome Property

$1,600,000
floors / apts4 / 10
Lot Size20'x85'
Built Size20'x71'
ZoneR7-2
Building TypeTownhouse
Price Per SF
$376

This property was sold for $1,510,000 on 04/25/12.

Building Amenities

  • Voice Intercom

Property Description for 1978 Madison Ave

> 1978 Madison Avenue is a (5) five story walk-up building located on Madison Ave between 126th and 127th streets. > The building consists of (10) ten units, (9) of which are two-bedroom units and (1) of which is a studio. > Currently, nine of the properties units are occupied by a non-for-profit program, Parent Housing. > The property is a short walk from Harlem’s primary commercial corridor, 125th Street, which has seen rapid development in recent years. > The property’s close proximity to the 125th Street Metro-North Station, as well as the 125th Street Lexington Avenue Station (4, 5, and 6) ensures easy access to all Manhattan and outer borough locations. > 1978 Madison Avenue presents a unique opportunity to buy a performing property in a desirable location.

Listing History for 1978 Madison Ave

Now
06/14/2012
Sold and Closed by Victor Sozio
Ariel Property Advisors
04/03/2012
$1,600,000
Initial Price by Victor Sozio
Ariel Property Advisors

Building Details for 1978 Madison Ave

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/10
Learn More About the Building

Transit and Citi Bike

Subway

125 St
0.23 miles
125 St
0.28 miles

Railroad

Harlem-125 StMetro-North Railroad
0.12 miles

Citi Bike

E 128 St & Madison Ave
0.08 miles
5 Ave & W 126 St
0.09 miles

Contact Agent

Contact Agent

Victor Sozio
Ariel Property Advisors

East Harlem | Manhattan

Quick Profile

Take a stroll through East Harlem and you’ll find a vibrant, culturally diverse neighborhood, which is evident no matter which direction you look. East Harlem is also known as Spanish Harlem, El Barrio, and “The Neighborhood,” as it is home to a population that represents Hispanic immigrants, primarily from Puerto Rico, as well as from Mexico, Cuba, and the Dominican Republic. These immigrants brought their cultures with them, in the form of music, dance, art, and food. During the day, you’ll find the neighborhood filled with opportunities to experience Latin culture. Both the salsa dance craze and the graffiti style of art were born right in East Harlem. There are many great places to sample authentic cuisine, from Rao’s (where you cannot get a table unless you inherit one, and any reservations must be booked years in advance) to sidewalk carts, where you can get the best “street meat” to be had in NYC.

In East Harlem you’ll find a number of innovative educational opportunities in the form of specialized and charter schools that are considered top-notch. Many of these have very competitive admissions criteria and offer curricula that focus on creativity and social awareness. Such schools are a draw for young families that want to raise their children in an educational system that goes above and beyond the standard.

The vibe of East Harlem is one of community and neighbors that interact with each other routinely. There are many small, family-owned and -operated businesses and restaurants that have been neighborhood anchors for years. As you stroll through East Harlem, you will be immersed in sights, sounds and flavors that are straight from Latin American or the Caribbean islands, sometimes both at once. You can sample Puerto Rican-inspired plantain mofongo, which is mashed plantains with garlic and pork rinds, from local sidewalk carts. Or if it is a hot summer’s day, you might enjoy a Mexican-inspired licuado, which is a blended drink similar to a smoothie, made with milk, fruit, and ice. Sometimes, spices, citrus juices, and sugar are added. Although you will find an abundance of authentic cuisine and music no matter where you look in East Harlem.

Prefer to cook at home? East River Plaza offers Target, Costco, and Aldi stores, all of which offer fresh food at reasonable prices.

East Harlem housing consists of more affordable walk-ups, low-rise pre-war buildings, brownstones, and is dominated housing complexes. You can find some comparatively large apartments at reasonable price points, and even some rent-stabilized apartments. Luxury co-op and condo units are being built on the southern boundary of East Harlem. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 41791TH