House of the Day: 5 Arlington Place
Yup, another incredible house on Arlington Place is for sale. The Renaissance Revival brownstone at No. 5 was built by George P. Chappell in 1887 and was a Building of the Day in 2012. It’s next door to the Crooklyn house, which sold for $1,700,000 in July. The house at No. 1, previously an SRO and delivered…
Yup, another incredible house on Arlington Place is for sale. The Renaissance Revival brownstone at No. 5 was built by George P. Chappell in 1887 and was a Building of the Day in 2012.
It’s next door to the Crooklyn house, which sold for $1,700,000 in July. The house at No. 1, previously an SRO and delivered vacant, closed for $1,923,000 last month.
Catch is this one has six rent-stabilized units and the tenants aren’t going anywhere, according to the listing. The photos show only the exterior and the entry, both of which appear to be in magnificent condition.
The ask is $1,050,000. Where do you think this one will end up?
5 Arlington Place [Corcoran] GMAP
This house eventually did sell. And now the new owner is, as expected, harassing the elderly tenants day and night and making their lives generally miserable. Word on the street is that she has already moved her parents in and moved into the building even before it closed!! Snaky and sneaky!
the DHCR reports will tell the tale for this place.
RS laws put us in this predicament genius. Let buildings be built and redeveloped. There are tons of vacant buildings just waiting to be cleaned up w the antiquated laws and btw the old st Mary’s hospital is becoming a large assisted living home for… You guessed it elderly people. Know what you are taking about before speaking heather ah thank u
yes, I remember this as well, it was the greek family, if memory serves me correctly. they did win I believe, but it took years and some of the rooms were ridiculous what they called them…..
Yes, it’s all about the beautiful brownstones. Why don’t people think of them? Not a day goes by but I don’t think about the beautiful brownstones. Then I cry for them. Thanks, rent stabilization laws, for destroying our city by not letting those beautiful brownstones be gut renovated in the seventies when they should have been.
And I’m sure the elderly tenants can find a nice assisted living facility somewhere. There are so many!
BR is correct, only thing is that they have to agree to it and it usually comes with a buyout attached, so if there is a rough relationship with current owner my guess is that option is shot as well.
The laws around owner occupancy eviction are such that the owner could evict multiple units if they can prove they will be used by family members for at least 3 years. If the tenants are older than 62 (which is probably they case here) that strategy won’t work. If the current owner had a bad relationship with the tenants so they wont cooperate at all and they refuse to move even for a buyout this place is essentially a slight step ahead of a full SRO thus the large discount.
Thank you antiquated RS laws for keeping another beautiful brownstone from being brought back to its former glory.