111 W 132nd Street, New York, NY 10027

Description

Currently under contract. Buyer not performing; showing available for backup offers.

OWNER SAYS SELL! — MAJOR PRICE REDUCTION! NOW $1,545,000! DELIVERED VACANT! $655,000 BELOW THE ORIGINAL ASKING PRICE!

Exceptional opportunity to own a piece of Harlem history with significant residential and investment potential. Delivered vacant, this property offers an investor or owner-user the opportunity to create a customized residential or income-producing property.

HISTORIC HARLEM TOWNHOUSE: Built in 1886 by renowned architects Cleveland & Putzel, this distinctive property features a beautiful Queen Anne façade with historic architectural character and slate detailing. Located within one of Central Harlem's historic districts, the property offers a unique combination of architectural significance and future potential.

EXISTING CONFIGURATION: Currently configured with two Class A apartments and additional existing space, as reflected in the existing Certificate of Occupancy. Buyer and buyer's representative should independently verify the current Certificate of Occupancy, existing configuration, permitted uses, zoning and all applicable requirements.

FLEXIBLE CONVERSION POTENTIAL: Delivered vacant, providing maximum flexibility for the next owner. Potential for modification or conversion of the existing configuration, subject to zoning, building code, Certificate of Occupancy requirements and all required governmental approvals.

PROPERTY HIGHLIGHTS: Brand-new boiler, new hardware and new roof. Historic architectural details combined with convenient access to neighborhood amenities. Community garden directly across the street provides an additional neighborhood amenity.

CENTRAL HARLEM LOCATION: Steps from Harlem's Restaurant Row and minutes from shopping, dining and entertainment along 125th Street. Convenient access to the 2/3 and B/C subway lines, as well as the M2, M7 and M102 bus routes. A short walk to St. Nicholas Park and Mount Morris Park.

RARE VALUE-ADD OPPORTUNITY: $1,545,000 asking price represents a $655,000 reduction from the original asking price. Delivered vacant with significant upside potential for an investor or owner-user seeking a residential or income-producing property in Central Harlem.

Buyer and buyer's representative to independently verify all information, including dimensions, square footage, zoning, permitted uses, Certificate of Occupancy, existing configuration, conversion potential and all applicable regulations and approvals.

Showings are by appointment only.