Infamous Striver's Row

very interesting -- the place sold for approx 1.6 in 2006 and seems to be remodeled
Based on this rent they will have a hard time selling for much over a million at this point
Would almost be worth buying at that price
the rent is attractive, and likely they will go down still since renting is not happening easily now

Yowza -- $1.6M pre-renovation. How much you think they put into it?

They are in a tough bind selling or renting. The rent is astronomical for the neighborhood despite the space and renovations. And, like Joe said, no one is really spending over a million for properties in Harlem anymore.

I am of the a box is a box kinda guy, but notice there are no pictures of the outside on the ad?

FYI, my wife and friends did rotations thru that hospital and you could count on a shooting victim a nite. Usually from Strivers' row. $1MM to be a prisoner in your own home... however if you could hire a bodyguard 24/7 and/or bullet proof/car jack proof an SUV/tank and can pull in/out at a high rate of speed.. it might work.....

I live a block away from Striver's Row on 7th Avenue and have neither a body guard nor bullet proof car. The neighborhood is perfectly safe, unbelievably friendly and has some of the most beautiful brownstones in the city. And, fyi, 262 West 139th just went into contract (listed at $2.2M); people are def still spending over $1M in Harlem.

Irregardlessnessly? need a def of this word pls? Try Regardless.

Atesta47, what would this bad boy (226 W 139th) sell for these days, you think?

Romary, the word "irregardless" has a special place in the SE vocabulary. Some of us attempt to incorrectly use it in place of "regardless" as often as possible. I was making fun of the description of the listing using "infamous" rather than "famous". I bastardized "regardless" to such an extent so that I thought there could be no question on the sarcastic use of the word. Irregardless, I guess I should have bastardized more ;).

Hey, if "you could count on a shooting victim a nite", I'm not so sure "infamous" is the wrong usage! LOL.

joedavis

I'd like to chat with u offline re: central harlem market. how can I get in touch?

I certainly have heard of it; apparently it is quite fabuful.

http://www.nyc-architecture.com/HAR/HAR013.htm

The house in contract in Strivers row is a unique case. Though kinda narrow (17) it has the best total renovation I ever saw in a house. The style is classic, not something I specially like. It is a Greenwich, CT house, and the person who I believe bought it looked like a finance guy (I happened to visit the house at the same time.) You enter the house and press a computer screen to determine the song that will play upstairs in a while, set the temperature of a specific bathroom floor, etc, etc. It was a very serious job. That house doesn´t have any comparable. Maybe many SE users have seen a lot oft these "intelligent houses" This is the first time I saw a real hight-tech one.

LOL, 30yrs. Maybe w67th is the broker?

harlemhouse@mail.com for contact

inonada: it's hard to say from the pictures how much it would go for. The kitchen and bedroom look updated and there are a number of pretty amazing outdoor spaces (which is always a big plus). However, it does also seem that some renovations and updates are in order. Seeing it on paper with the outdoor space, garage, upgrades and the fact that it's Striver's Row, I'd say probably in the high $1M range - $1.8M.

The only house that sold for over 1m in Strivers row in the last 6 months is a historical total renovated 2O footer that went for about 1.6m
A 17 footer went for 699k 7 months ago, in a short sale. These are the only comps for the last year in the area so far. I wonder what makes you think that this house could go for that kind of price.

There might be a buyer out there who would pay a million plus for a townhouse in Striver's Row today (a new world since 06-07), but it might take a few years and a new economy to find him/her.

Mimi, do you have a link to the 17 footer listed for $699k? Also, I'm a little confused as to where you're getting your comps from. What about 236 west 138th? Sold for $1.69M in July. The fact is is that these brownstones are roughly 3000-5000 sq ft of real eastate in Manhattan, which is why I believe it will sell for that much. Harlem is not everyone's cup of tea and that's fine, but it doesn't mean that those homes won't sell for prices seen in other areas of the city. People used to scoff at anything over 96th Street, now look where we are today. The limits keep getting pushed and there's only so much space on this Island...

236 West 139th Street. In 2007, the asking price was $1.85 million. In April 2009, the 699K ask price sold in 4 weeks.
The property you mention is the only other comp for Strivers, the 2 footer I posted above. I didnt remember the exact price. So it is 1.69m instead of 1.6m.

By the way, the 2O footer (not 2 as a wrote in my previous post) , was a serious historical nero with a lot of detail. This is why I dont see how you think that a renovated narrow house with no historical details gan fetch a higher price.

The short sale is a shell - not even a comparable to the other Striver's Row homes; this will need a complete gut reno. And not sure why you think that the 20 footer has any more historical detail than 236 W 138th; they were built exactly the same! This isn't worth arguing over, the point is that people are still very much spending over $1M+ in Harlem, even in a down market.

I am talking about the inside of the house, atesta. The wood, the fireplaces, the way it has been renovated and preserved. It is not possible to make this wooden details again.
Maybe you can tell us if you are looking at that market because you want to buy or sell or get a commission...or maybe its just a hobby. Most posters here somehow disclose where they stand, it helps understand your point of view, where are u coming from...

By the way, I dont compare the shell to any house. All i said is that there are only 2 comps so far. And that there is plenty of inventory.