We first noticed the 6,600-square-foot mansion at 186 Quincy Street when it was on the market back in December 2005 for a whopping $1,600,000. Not surprisingly, given the fact that it’s long been chopped up into 11 units, it never found a buyer and is currently back on the market for a more realistic $1,100,000. Because seven of the apartments are vacant and the other four have long-time rent stabilized tenants, the sale’s a little trickier than your average house. According to the broker at Marcus & Millichap, it’ll probably take about $500,000 down to get this financed. Still, theres lots of original detail on the inside and the layout is such that with a little creativity some of the vacant apartment could be connected. The only thing that’s really unappealing to us is that further east on the block there’s a rash of new fedders townhomes that really tarnish the landscape. This could be an interesting opportunity for the right person though. Hopefully it won’t be a developer looking to maximize the unused FAR (which there’s a ton of given the lot size).
House of the Day: Bed Stuy Mansion [Brownstoner] GMAP P*Shark
Architecture 101: 186 Quincy Street [Brownstoner]