$1,700,000
Updated 3 years ago
Off Market

254 West 123rd Street, 1

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

7 Rooms3 Beds3 Baths2,114 Square FeetCondo

$1,700,000
Common Charges$388
RE Taxes$20
Price Per SF
$804

Listing Features

  • Abundant Closets
  • Beamed Ceilings
  • Duplex
  • Entry Foyer
  • Exposed Brick
  • Family Room
  • Floor-Through
  • Ground Floor
  • High Ceilings
  • Home Office
  • Laundry Room
  • Live/Work
  • Open Space
  • Original Details
  • Private Entrance
  • Recessed Lighting
  • Security System
  • Storage Closet
  • Walk-in Closet
  • Washer / Dryer
  • WBFP
  • Oversized Windows
  • Center Island
  • Dishwasher
  • Gourmet Kitchen
  • Microwave
  • Open Kitchen
  • S Steel Appliances
  • En Suite Bathroom
  • Marble Bathroom
  • Powder Room
  • Soaking Tub
  • Stall Shower

Outdoor space and views

  • Balcony [4'x9']
  • Garden [16'x24']
  • Patio [10'x11']
  • City Views
  • Garden Views
  • North Exposure
  • South Exposure

Building Amenities

  • Voice Intercom

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 254 West 123rd Street, 1

This boutique three-unit townhouse has uncommonly low monthlies, no board approval, and no application charges. With a tenant in place until June 2024, this condominium has the potential to deliver a cap rate greater than 4%. It's ready for a quick close making it an ideal 1031 exchange. Please consult with your financial advisor regarding the potential cap rate. Please copy this URL to view the 3D tour: https://my.matterport.com/show/?m=TEesiMPzTCc&mls=1 With three bedrooms and three bathrooms, this duplex garden condominium in prime Harlem maximizes live/work/play flexibility with three outdoor spaces including a private garden and over 2,000 square feet of living space and amenities, all accessible through a private entrance. Enter this classic townhouse into an expansive 25-foot-long open-concept living space which is framed by exposed brick and hardwood floors and includes a wood-burning fireplace, a formal dining area, and a chef's kitchen with Wolf and Bosch appliances. The oversized island and breakfast bar are surrounded by a wealth of storage and make entertaining at home easy and comfortable. The master bedroom is a private retreat with a balcony, walk-in closet, and an en-suite bath, complete with a deep soaking tub. A second large bedroom with an adjacent full bathroom overlooks the serene backyard. The lower level consists of a large open space ideal for recreation or business and has a third bedroom set discretely near the garden entrance, a third bathroom, in-home laundry, and additional storage. The private backyard garden offers a quiet urban oasis where there is ample space for relaxing, entertaining on the patio, and gardening in the uniquely designed and customized raised garden bed area. Central heat and A/C finish this modern and charming home. 254 West 123rd Street is a quaint three-unit, well-maintained condominium, located on a tree-lined street just around the corner from Frederick Douglass Boulevard and close to Harlem's parks and green spaces. The location is convenient to Columbia University, City College, and area hospitals, and it's perfect for the commuter with multiple transportation options including parking garages, the A/B/C/D subway express stop at 125th Street, the 2/3 subway on Lenox Avenue, 125th Street's crosstown buses, the M10 bus on Frederick Douglass Boulevard, Citi Bike, and Revel mopeds.

Listing History for 254 West 123rd Street, 1

Now
10/12/2023
POM by Jennifer M. Corcoran
CORE
07/13/2023
$1,700,000
Initial Price by Jennifer M. Corcoran
CORE

Building Details for 254 West 123rd Street

OwnershipCondo
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Financing Allowed90%
Floors/Apts5/3
Learn More About the Building

Transit and Citi Bike

Subway

125 St
0.21 miles
125 St
0.29 miles
116 St
0.3 miles
116 St
0.43 miles

Citi Bike

Adam Clayton Powell Blvd & W 123 St
0.09 miles
St Nicholas Ave & Manhattan Ave
0.16 miles

Contact Agents

Contact Agents

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: 290480