Waverly Shell Coming Up for Auction
As Clinton Hill Blog noted last week, the shell of a house at 437 Waverly Avenue is coming up for auction on Thursday. The house has become part of local lore, as it’s sat vacant for the last decade. The same family lived there for 80 years before that but they never recorded the deed…
As Clinton Hill Blog noted last week, the shell of a house at 437 Waverly Avenue is coming up for auction on Thursday. The house has become part of local lore, as it’s sat vacant for the last decade. The same family lived there for 80 years before that but they never recorded the deed which is why it’s been unable to be sold for so long; the ownership issues are now sorted out and the elderly daughter of the original owners will receive the proceeds. From what we gather, a recent engineer’s report says that the building is structurally stable and that the front wall is in good shape as are most of the beams; however the roof and back wall need repairs. Bidding is expected to start around $450,000 but anything is possible. The auction takes place this Thursday at 2:30 pm in State Supreme Court, Part 76G, Room 575. It is an “as is” sale with no contingencies; the closing will be within 30 days.
437 Waverly Avenue [Brooklyn Properties] GMAP P*Shark
tybur6- back off! It’s mine (as soon as I can find someone to donate to MY fund). But if you’re nice, I’ll invite you to the first party I throw in my new kitchen.
Oh – I didn’t know the back wall would need immediate repair. Whoever buys this place for me, could you throw in and extra, say, $25k to help me out with the immediate needs.
Thanks!
Thanks for the symbol link. I’ve been in at least one, maybe several buildings with a square and one diagonal through it with real estate agents. Huh. Safe for real estate agents, but dangerous for rescue operators. How strange.
Tybur, those marks are all correct. In addition, it’s common for the FDNY to spraypaint “RO” in a box with an X, which means “roof out”. This place probably needs $500K in work, minimum.
The broker’s website says:
“Requirement: Buyer must be prepared to
make immediate emergency repairs to back
wall and roof. Both DOB and LPC are
prepared to expedite permits for repairs.”
Phew! Buyer beware!
the owner next door should buy it and create a super wide brownstone. I think there is an arbitrage opp. here if any of you know what I am talking about?
This is the kind of house the painter father moves his family into in Jonathan Lethem’s novel The Fortress of Solitude
Sorry… this one is better.
http://www.ushero.org/ushero/docs/es/nfpa/1670/nfpa1670_files/image004.jpg
(Though the only difference is the bottom line of the “example” — don’t know why it was cut off in the first one)
Here’s the fire department marking symbols.
http://www.ushero.org/ushero/docs/es/nfpa/1006/NFPA1006_files/image037.jpg