Property Details
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766 Saint Nicholas Avenue is a historic three-story building located in the vibrant neighborhood of New York, NY. Built in 1926, this property spans a total of 4,854 square feet on a 2,250 square foot lot, featuring a vertical layout with nine individual units. Once assessed at a market value of $713,000, the building showcased improvements valued at $36,546 in its prime, offering a unique opportunity for future renovations or investment. Although it lacked a heating system, the property stood as a testament to the architectural character of its time, perfect for those seeking a blend of nostalgia and urban living.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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