House of the Day: Gut Rehab Candidate

If you’re feeling adventurous, this shell on St. Mark’s Avenue in Park Slope may present an interesting opportunity to arb the market. The asking price for the 4-story house is $1.1 million. If you could do the reno for $500,000, you’d probably create $200,000 or so of value. Of course, in the meantime, who knows what the market will do…
34 St. Marks Avenue [Corcoran] GMAP P*Shark
May 21, 2012 | 02:16 PM