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1860 Bedford Avenue has been sitting vacant and derelict for several years now, after a boneheaded miscalculation by the current owner who had wanted to move his medical practice into the building only to find, after buying it, that commercial uses are prohibited in Lefferts Manor. That was his first mistake. His second was to be greedy on the resale back when the market was still strong: Back in the first half of 2008, when it was a House of the Day, the asking price was $900,000. As of the beginning of this year, the price tag has been reduced to $650,000. The potential is obviously amazing, but is the price still too high? Probably, but getting closer. At this point, the neighbors would probably be willing to kick in a few bucks just to get rid of this guy!
1860 Bedford Avenue [Fabrikant] GMAP P*Shark
House of the Day: 1860 Bedford Avenue [Brownstoner]
What’s Up with 1860 Bedford Avenue [Brownstoner]