The Real Deal New York

“Unheard of”: Corcoran broker suggests record $27M listing for two historic
Harlem townhouses

The asking price is five times the previous highest listing in the historical neighborhood
January 10, 2019 10:00AM

32 and 33 Mount Morris Park West (Credit: Corcoran)

A pair of adjacent townhouses in Harlem have been listed with a $27 million asking price — five times more than the neighborhood’s previous record.

“It’s unheard of,” appraiser Jonathan Miller told the Wall Street Journal, adding that there is usually no significant premium afforded to townhouse combinations.

Together, the combined buildings at 32 and 33 Mount Morris Park West, next to Marcus Garvey Park, span more than 18,000 square feet, including 50 feet of frontage. The homes are part of the historical Dwight Mansion, which was previously a compound made up of attached townhouses, which were reportedly built in the late 1800s

The previous record listing for a Harlem townhouse was a $5.1 million property in February 2018. According to the Journal, the average townhouse sale in Northern Manhattan was $2.054 million in the last quarter of 2018.

Owner Brad Linard reportedly purchased the first building in 2005 for $1.5 million, before conducting a $2.5 million renovation. That building alone had five bedrooms. In 2016, he purchased the building next door for $2.8 million, after his neighbor died. He listed the homes at $27 million at the behest of his broker, Siddiq Patterson of the Corcoran Group.

“The bones and the history is something you just don’t get” with similar Harlem townhouses, Patterson told the Journal.

In October, a penthouse at Artimus Construction’s Circa Central Park condo, on the northwest corner of Central Park, sold for $9.4 million, a Harlem record. [WSJ] — David Jeans