The latest nonprofit to join the veritable horde that is seizing upon the timing of a surge in property prices to sell off parcels and raise much-need cash? Hale House. About 70 years ago, founder Clara Hale started the organization as a way to care for her own three children as well as families with few means. In the 1960s, when her support programs had blossomed, local officials helped "Mother Hale" purchase a townhouse at 152 West 122nd Street. As per our tipster, "[c]urrent initiatives include a state of the art learning center for children ages six weeks to five years and a supportive transitional housing program for single parent families." Once a single-family home, over the decades the center has been used for Hale House's initiatives and administrative needs. The Harlem townhouse is now on the market for $2,495,000, having faced a $205K PriceChop after its initial listing in December. Given the floorplan and brokerbabble, it's being marketed with an eye towards a conversion back to single-family use.
All of the rooms are graciously proportioned, and the grand parlor floor offers soaring ceilings. The residence is further enhanced by 6 fireplaces, hardwood floors, and excellent natural light. There is 4,387 square feet total housed in a 19-foot wide "turn-of-the-century" brownstone that's 52 feet deep. Some more specs: there are six bedrooms, three full bathrooms, three powder rooms, a front courtyard, and a back garden. That wooden coffered ceiling is pretty nice, too.
· Hale House [official]
· Listing: 152 West 123rd Street [Corcoran via StreetEasy]
· Nonprofits With Sought-After Buildings Take Advantage of a Hot Market [NYT]
· Tuesday Townhouse archive [Curbed]