House of the Day: 526 Carlton Avenue Revisited


There’s nothing like a booming market to boost a flipper’s spirits and encourage him to shoot for the moon. The current owner of 526 Carlton Avenue bought the large Italianate house back in 2006 for $1,230,000 and set about doing a comprehensive renovation. It hit the market back in September 2009, when it was featured as a House of the Day. The price was reduced a couple of times, getting another HOTD treatment in March 2010 when it was listed for $2,000,000. Last fall, the owner tried to rent the whole place out for $9,500. Now it’s also back on the sales market with a very 2013 price tag of $2,850,000. Doable?
285 Carlton Avenue [Douglas Elliman] GMAP P*Shark

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