After its surprise eleventh-hour landmarking last month, the Italianate manion at 70 Lefferts Place (which hasn’t always been yellow, as the photo from NYC archives shows) is back on the market. Unable to proceed with the condominium development he had been planning, developer Chris Morris (who, to be fair, got pretty shafted in all this) is looking either to sell the property outright or partner with someone with the vision to do something profitable within the envelope of landmark rules. Given that he’s got a $2 million mortgage, the house is probably costing him $12,000 to $15,000 a month to carry — reason enough to seek a swift solution. We looked at the house last Spring but were unable to convince a developer we know to put up the dough to buy and renovate it. And while the potential returns of dividing the existing structure into a handful of condo units may not provide the sky-high returns that many pros target, we still think there’s decent money to be made from doing a historically respectful conversion. You know, if 100 readers put of $10,000 each, you’d have more than enough equity to see this through.
1854 Italianate Villa [Craigslist] GMAP P*Shark
BREAKING: 70 Lefferts Place Landmarked! [Brownstoner]
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Scaffolding has gone up on the side of the Coignet Building next to Whole Foods, above, where it appears the grocer is finally making good on its obligation to repair the landmark, Gowanus Your Face Off reported. As we noted previously, in December a renovation permit was approved and Whole Foods was fined $3,000 by the […]
Brooklyn, one building at a time. Name: Private house Address: 218 Arlington Avenue Cross Streets: Corner Ashford Street Neighborhood: Cypress Hills Year Built: Around 1900 Architectural Style: Queen Anne Architect: Unknown Landmarked: No The story: Cypress Hills has a fine collection of housing stock that brings a smile to the face of most old house lovers. […]
The owners of Berry Park are working on a new bar nearby in Greenpoint called Northern Territory, which will host a soft opening tonight. Just like Berry Park, Northern Territory is a large converted warehouse space with rustic wooden decor and a rooftop bar. Hidden behind an unassuming door at 12 Franklin Street on the corner […]