Even though the 14-unit building at 395 Smith Street went condo over a decade ago, the sponsor is just now getting around to selling the 1,090-square-foot duplex penthouse apartment. The price? $750,000. If the apartment had recently been renovated, this price would not seem unreasonable to us, but the place looks like a 1980s-era rental apartment, which is probably what it is. That said, some buyers may be attracted to the fact that the sponsor only requires 10% down—of course, you have to find a lender in this environment that’s cool with that.
395 Smith Street [Brooklyn Heights RE] GMAP P*Shark