Condos of the Day: 486 3rd Street

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We’re gonna keep working this converted Brownstone condo thing some more…The current owner paid $1,600,000 for this five-story, 4,400-square-foot brownstone on 3rd Street between 6th and 7th Avenues back in 2004. Now he’s looking to sell the four units for a combined $4,455,000. Even if he has to take 10 percent below asking price, he’s going to be doing pretty well. If he spent about $250 a foot on renovation and another three hundred grand on carrying costs, then his total cost would be around $3 million. As for the units, we think they look a tad nicer than yesterday’s 418 Henry but they’re also a tad more expensive. It’s also a little easier to find a condo in Park Slope than Cobble Hill.
486 3rd Street [Douglas Elliman] GMAP

By Brownstoner |