The Watchtower group first announced that it planned to sell the brownstone at 105 Willow Street in April 2007, but it wasn’t until a year later that the five-story house hit the market with an asking price of $4,950,000. There aren’t a lot of photos to go on, but from the few that are included in the listing it looks like the place is in decent shape, especially for a building that has been chopped up into ten units. (There’s definitely no central air, either, judging from all those in-window a/c units.) Speaking of the ten units, each of those “studio style efficiency apartments” would have to fetch at least $3,000 a month for someone paying the current asking price of $4,690,000 to get close to breaking even. Given the additional cost required to return the house to a one- or two-family, it seems like a tough sell at this price, no?
105 Willow Street [Halstead] GMAP P*Shark
Watchtower Divesting Six Heights Props [Brownstoner]