Total Est. Monthly Carrying Cost:
$10,441 ($4.94/ft2)
Note: the above is based on a down payment of 20% ($378,900),
which is the minimum amount permitted by the building.
Description
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With three bedrooms and three bathrooms, this duplex garden condominium in prime Harlem maximizes live/work/play flexibility. Its three outdoor spaces include a private garden and over 2,000 square feet of living space and amenities, all accessible through a private entrance making it perfect for one or more home offices, academic pods, and distanced socialization. Available for rent at $5,995 with one month free and for sale at $1,894,500, this home is ready for immediate move-in, with no board approval and no application fees.
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 back yard.
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.
With carrying costs of approximately $350 per month and currently vacant, this home awaits a buyer seeking to enjoy low carrying costs or an investor seeing a CAP rate exceeding 4.2% with ample opportunity to improve the property with minor updates for a higher return.
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’s action and close to Harlem’s parks and green spaces. The building is within close distance to 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.
Private virtual tours are available as well as private showings anytime, by appointment.
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