$1,950,000
Updated 7 years ago
Off Market

245 West 123rd Street

Harlem, Manhattan | Adam Clayton Powell Blvd & Frederick Douglass Blvd

16 Rooms6 Beds4 Baths3,640 Square FeetIncome Property

$1,950,000
floors / apts4 / 11
Lot Size16'8"x100'9"
Built Size17'x55'
ZoneR7A
Building TypeTownhouse
RE Taxes$19,116
Price Per SF
$536

Building Amenities

  • Voice Intercom
  • Driveway
  • Roof Deck

Property Description for 245 West 123rd Street

Great West Harlem Development Opportunity
This 1900 built townhouse is ready for the next generation of ownership.

Situated in prime West Harlem between 7th and 8th Avenues- you will never be far from the action and yet still set on a serene tree-lined block.
245 West 123rd Street is a perfect townhouse awaiting your master touches. A design palette where you can go free with expression.

Current Set Up: 4 Units across 4 floors

FAR potential 4
Current zoning laws allow for 4,214sqft of buildable footage left, which would be for an addition of floors + amazing roof deck, or the ability to build out and have an extension on this R7A lot. Due diligence required.
only one vacant on first floor can be shown by appointment preliminarily.

Listing History for 245 West 123rd Street

Now
01/21/2020
TOM by Zachary Hassan
Compass
2020

Building Details for 245 West 123rd Street

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts4/11
Learn More About the Building

Transit and Citi Bike

Subway

125 St
0.21 miles
125 St
0.27 miles
116 St
0.32 miles
116 St
0.43 miles

Citi Bike

Adam Clayton Powell Blvd & W 123 St
0.07 miles
Adam Clayton Powell Blvd & W 126 St
0.17 miles

Contact Agent

Contact Agent

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: 76590TH