Condo of the Day: 255 Eastern Parkway, #A3
Here’s a nice blank slate for someone who wants to put his or her mark on a prewar pad. The 1,618-square-foot classic seven apartment at 255 Eastern Parkway in Crown Heights has original floors, plaster walls and 11-foot ceilings. The only negative we can spot is that it appears it might be on the ground…
Here’s a nice blank slate for someone who wants to put his or her mark on a prewar pad. The 1,618-square-foot classic seven apartment at 255 Eastern Parkway in Crown Heights has original floors, plaster walls and 11-foot ceilings. The only negative we can spot is that it appears it might be on the ground floor — or at least just up from street level. The asking price of $999,000 comes in at $617 per square foot.
255 Eastern Parkway, #A3 [Corcoran] GMAP
A smaller unit on a higher floor recently closed for $1.2MM, so this price shouldnt be a problem, but not sure how much work it needs compared to the one further up which was nicely updated.
a 3/1 went for 3950. Current rental $35sqft or about $4600/mo; I guess it really depends on what you put into it. If you make the finishes really nice you start messing with your roi.
If you want to make it a rental minimal amount of effort would be put in. Change kitchen layout and add countertops/cabinets so it would be appealing. Tenants are going to ruin all your nice stuff anyway so there would be no point in serious renovation.