If this limestone at 289 Lincoln Road in Prospect Lefferts Gardens looks familiar, that’s because we featured it in a two-part series last year called “Let’s Play Flipper.” As you may recall, a first-time developer purchased the unrenovated property for $800,000 four months after another developer had bought it from the homeowner for $431,000. He consulted with Brownstoner readers to see what they would do with the property, and ultimately decided to spruce it up a bit and put it on the market a few weeks later for $995,000.
This week we heard from him again: “We had great interest from buyers in April 2013 but the poor condition of the bathrooms, kitchens and wonky layout worked against the property.” So instead of selling, he did a top-to-bottom renovation. Now, almost a year later, it’s back on the market.
The layout has been redesigned, there is a new plumbing riser, new bathrooms, new kitchens, exterior repairs “and a lot of love,” he told us. Paint was stripped and original details restored.
It’s set up as a duplex over a garden floor rental, and the owner has exclusive access to the staircase and the basement. The first floor entrance is ramped and there is room inside for bicycles and strollers.
Other creative changes: A skylight was created out of the old dumbwaiter and plumbing stack space on the top floor. The dining room has a wet bar, and the master bath has heated floors. The developer will finish the countertops and add appliances in consultation with the buyer (the appliances shown in the photos are just placeholders, the agent told us).
The new ask is $1,450,000, and the first open house is this Sunday, May 4, from 1 to 2:30 pm. What do you think of the renovation and the new price?