This place may be worth it just for the cupola bragging rights! It’s a four-story, 19-foot-wide brownstone that’s currently divided into four full-floor apartments. All four will be vacant by the end of May and have a combined monthly rent roll of $8,800. At the listing price of $1,700,000, you’ll need all that rent to cover your mortgage. What about as a conversion to a single-family or two-family? Well, you gotta figure you’ll be in for more than $2 million when you’re done. How does that stack up for this location? Well, we just heard that 547 9th Street, which we had called “the best deal we’ve seen in a long, long time” when it was listed back in January, sold at auction yesterday for $1,820,000. It’s a floor shorter than this but richer in detail and location.
429 9th Street [Orrichio-Anderson] GMAP P*Shark
Photo by Kate Leonova for PropertyShark