16 WEST 123RD STREET, #HOUSE

$2,200,000

7

Beds

1

Baths

Sold
ID #: 7316
Property Type: Townhouse
Approx. Size: 3,400 SqFt
Availability: Immediately
Taxes: $329
Total Rooms: 15


Building & Unit Features


Related Documents


In Contract!

• Complete the existing renovation and have a brand new 4-family (investment) or 2-family (end-user) landmark property in Harlem's most desired neighborhood.
• Maximize the FAR and develop it into 2 Luxury Townhouse Condos for sell-out.

MT. MORRIS PARK LANDMARK TOWNHOUSE INVESTMENT OPPORTUNITY
- Legal 4 Family in Prime Central Harlem Location w/ ALL UPDATED MECHANICALS
- Vacant 17-footer on 100-foot lot with ORIGINAL DETAILS
- Mt. Morris Park Hist Dist, near Marcus Garvey Park, Metro N, 4/5/6 & 2/3 subways

CoO: Legal 4-Family
SRO: No
Landmark: Yes
Original Details: Yes
Lot: 17' x 100.92' ~ 1716 sf
Building: 17' x 50' ~ 3400 sf
FAR as built: 1.51
Max FAR: 3.44 ~ 5900 sf
Current Property Tax Bill: $3953
Plumbing: Updated
Gas: Updated
Renovation: Updated - Needs Finishing Touches
Year Built circa 1909
School District 5 - PS 30

About the House: Located on the a beautiful, tree-lined townhouse block below 125th St. and West of 5th Avenue, this legal 4-family townhouse in need of renovation, but with recently updated plumbing, wiring and gas lines. It's 4 stories plus a full, finished basement, with interior original details, including original fireplaces on each floor. The towering doors are original and have gorgeous, detailed original trim, as do the staircases. Renovate the roof, creating a deck with views of Harlem. For the investor and end user, this property presents a variety of configurations and possibilities, each of which results in an excellent ROI and ownership of a prime property on one of Harlem's finest blocks.

About the Area: Marcus Garvey Park features 2 playgrounds, an outdoor pool, an amphitheater as well as a center offering classes ranging from computer skills to yoga to karate! For food and entertainment, look no further than Lenox Avenue's Restaurant Row! Barawine and Caffe Latte are just around the corner from you and starting at 124th Street you can find restaurants such as Harlem Shake, Famous Sylvia's, Red Rooster and Corner Social, all of which also offer a variety of evening entertainment. This townhouse is also just a 13 block walk, or a short subway ride, to Central Park North where you can find the Harlem Meer, used in kinder weather for live music and entertainment. The Central Park Conservatory Gardens are also located in Norther Central Park, featuring spectacular seasonal displays in 3 stylized gardens.




Listing Agents







Nearby Subways

  • 2 3 Lenox Ave & 125th St (~0.11 mile)
  • 4 5 6 Lexington Ave & 125th St (~0.44 mile)
  • A B C D Saint Nicholas Ave & 125th St (~0.48 mile)
  • B C Frederick Douglass Blvd & 116th St (~0.50 mile)

Learn More About The Area