NOT LISTED FOR SALE

Estimated Value: $1,756,000 - $4,136,569

10 Beds
7 Baths
6,195 Sq Ft
$536/Sq Ft Est. Value

Last Sold March 24, 2020

Last sale price $3,900,000 $630 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $18,811/month

92 Days on Market

About This Home

As of March 2020

Located on one of the most beautiful tree-lined streets in Harlem's Mount Morris Park Historic District, 8 West 121st Street is a nearly 120-year-old Landmark Renaissance Revival Brownstone Row House restored to its' historic and elegant grandeur. There's a tree-lined street view in the front and sun-filled garden view from the south facing rear. There are four floors, a ground/garden level with and private gated front patio and a full rear patio/garden plus a cellar -housing four storage cages, a half bath and super's office. Wherever possible original details such as a mahogany bench with built-in original mirror in the building entrance foyer, 9 decorative fireplaces each with their original ornate mantel pieces, stunning original 3" Solid Core Mahogany Pocket Doors in the Unit 1/parlor level entrance foyer, the building's gorgeous mahogany staircase banister and the 105 year old stained glass window panel over the built-in cedar-lined dining banquette in the Unit 1/parlor level -were all painstakingly restored. The purchaser has various usage options from which to choose: maintain it as the profitable investment property it is by renewing the three current leases (Units 1 & 2 exp. 5/2020 and Unit 3 exp. 8/2021) or move into either unit one or two while collecting market rate rents or wait until after 8/2021 for Unit 3 to become available and reconfigure the entire townhouse into your own grand private single-family home. All three are non-stabilized leases at market rate rents. With its' remarkably low annual real estate taxes, whichever option you choose -it's an exceptional investment opportunity and a magnificent home. Apartment #1 (approx. 2,500 sq. ft.) 3Br/2.5Bth ,FDR, Sep Windowed Kitchen, Duplex, 3 DCPLCS, Front Patio, Rear Garden Apartment #2 (approx. 1,250 sq. ft.) 3Br/1Bth, Pass-through Kitchen, Simplex/floor-thru, 2 DCPLCS, and a large Terrace Apartment #3 (approx. 2,500 sq. ft.) 4Br/3.5Bth, Home Office, Duplex, 4 DCPLCS, and a spacious Terrace. This brownstone townhouse is 20' wide and offers over 6,000 sq. ft. of interior space. The roof, boilers, sprinkler system, HVAC system, and video intercom are ALL BRAND NEW. There are 4 private storage cages, super's office, and half bath in the basement. Centrally located in the desirable Mt. Morris Park Historic District there's convenient access to Whole Foods grocery and a multitude of transportation options including the 2/3 Red Line express trains and the M2, M7 and M101 buses. Harlem's famous Restaurant Row, Bed Bath and Beyond, endless shopping on 125th St, and so much more -are ALL also close-by. There's also nearby access to public recreation at Mount Morris Park, Morningside Park, and Central Park.

Last Agent to Sell the Property

Mark Levine

Brown Harris Stevens Residential Sales LLC License #30LE0848903 Listed on: 11/21/2019

Brown Harris Stevens Residential Sales LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,615

Lot Details

  • 2,004

Home Design

Interior Spaces

  • 6,195 Sq Ft Home
  • Decorative Fireplace
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Full Bathrooms

Community Details

  • 3 Units
  • Harlem Subdivision
  • 5-Story Property

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,615

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Harlem
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 5

Interior Features

  • Appliances: Washer Dryer Allowed
  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Living Area: 6195.0
  • Living Area Units: Square Feet
  • Rooms (Total): 20

Beds/Baths

  • Full Bathrooms: 7
  • Bathrooms Integer: 7
  • Bedrooms: 10

Garage/Parking

  • Garage: No

Building Info

  • Units: 3
  • Total Stories: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2019
Closed on
Mar 20, 2020
Sold by
G2houses Inc
Bought by
Farda L L C and Zar L L C
Seller's Agent
Mark Levine
Brown Harris Stevens Residential Sales LLC
List Price
$3,945,000
Sold Price
$3,900,000
Premium/Discount to List
-$45,000
-1.14%
Current Estimated Value
$3,322,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$577,358
Avg. Annual Appreciation
-2.84%

Purchase Details

Closed on
Sep 14, 2012
Sold by
Gothe Axel and Gothe Carmen L
Bought by
G2 Houses Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Farda L L C $3,900,000 --
G2 Houses Inc $1,400,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2022 04/20/22 Off Market $3,900,000 -- --
03/24/2020 03/24/20 Sold $3,900,000 -1.1% $630 / Sq Ft
02/23/2020 02/23/20 Pending -- -- --
11/22/2019 11/22/19 For Sale $3,945,000 -- $637 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,615 $84,093 $23,855 $60,238
2024 $16,615 $82,725 $52,440 $57,620
2023 $16,801 $82,725 $25,107 $57,618
2022 $16,407 $184,260 $56,160 $128,100
2021 $16,317 $184,380 $56,160 $128,220
2020 $9,919 $46,860 $3,000 $43,860
2019 $9,564 $45,720 $3,000 $42,720
2018 $24,265 $190,781 $11,954 $178,827
2017 $22,468 $176,650 $11,777 $164,873
2016 $21,087 $163,566 $13,630 $149,936
2015 $13,690 $163,566 $16,357 $147,209
2014 $13,690 $158,495 $17,228 $141,267
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10603549

Real Estate Board of New York (REBNY)

APN: 1720-0023