$3,400,000
Updated 11 years ago
Off Market

369-371 West 123rd Street

Harlem, Manhattan | Manhattan Ave & Morningside Ave

6,500 Square FeetMulti-Family

$3,400,000
floors / apts4 / 16
Lot Size32'5"x66'11"
Built Size32'5"x50'
ZoneR8-A
Building TypeTownhouse
RE Taxes$6,240
Price Per SF
$523

Outdoor space and views

  • Deck
  • Garden
  • Courtyard
  • Partial Park Views

Building Amenities

  • Voice Intercom
  • Roof Deck

Property Description for 369-371 West 123rd Street

> Here's a unique opportunity to convert two contiguous townhouses into a large single or multi-family home. > Also ideal for a luxury boutique hotel, or bed & breakfast. > Across from Morningside Park, and within a few blocks of Columbias proposed West Harlem expansion, these 2 townhouses have a combined width of 32.5+/-, and a joint bldg sqft of 6,500+/-. > Both townhouses are vacant and have certificates of non-harassment. Each has 4 floors plus cellars. > Combined, 12+/- studios to one bedroom units are possible (6+/- per building). 6,434+/- sqft of air rightscoupled with the current 6,500+/- bldg sqft provide over 12,900+/- sqft at $271+/- per sqft. > Zoning is R8A. Boring test and survey have been completed. > Convenient to all. Just 2 blocks from 125 Sts vibrant commercial corridor, The Dwyer luxury loft condos on 123rd & St. Nicholas Ave, the W Hotel on 124th Street & Frederick Douglass Blvd, and the world famous Apollo Theater. > One block west on W123 St to Amsterdam Aves fine dining,There is currently only one gas boiler (in need of replacement) between the twotownhouses. > Studios are renting for $1600 on the block just a few doors down.

Listing History for 369-371 West 123rd Street

Now
04/02/2009
POM by Brian A. Phillips
Douglas Elliman
01/02/2009
Exclusive Expired by Brian A. Phillips
Douglas Elliman

Building Details for 369-371 West 123rd Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1906
Floors/Apts4/16
Learn More About the Building

Transit and Citi Bike

Subway

125 St
0.13 miles
116 St
0.33 miles
125 St
0.45 miles
125 St
0.48 miles

Citi Bike

Morningside Ave & W 123 St
0.05 miles
St Nicholas Ave & Manhattan Ave
0.06 miles

Contact Agent

Contact Agent

Brian Phillips
Douglas Elliman

Harlem | Manhattan

Quick Profile

The neighborhood called West Harlem by the locals is known as Manhattanville to neighborhood newcomers. The area is culturally diverse and might be considered a microcosm of the city as a whole. 

Columbia University has recently expanded into the area, which is attracting student residents from all over the world. Together with students from the City College of New York and young professionals fleeing higher prices in other neighborhoods, this influx of younger residents has brought with it more restaurants and bars on W 125th Street to serve this clientele. There are also new ventures, like a rock-climbing gym, to cater to the interests of these students and young professionals. At the same time, there are many small, family-owned shops and restaurants that have been anchors of the neighborhood for multiple generations.

The area has been through a housing upgrade, as older properties have been renovated and abandoned properties have been razed to make room for new development. There are still reasonably priced apartments available. Young professionals are finding that there is a certain cachet to living in West Harlem. It provides a convenient commute to the city and all of its amenities, while providing a sense of escape at the end of a long work day.

While rentals are popular with the student population, the young professionals are delighted to find pre-war brownstones, pre-war co-ops (including some income-capped HDFCs for lower- and middle-income buyers), and post-war condos that they can afford, although prices are rising. Some new low-rise developments, sporting virtual doormen and desired amenities, are cropping up.

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: 23824TH