House of the Day: 464 Marion Street

This two-family for sale at 464 Marion Street is a perfect example of what we wish more flippers would do. Instead of ripping out all the detail and making it look like a new condo, these sellers have simply refinished what is there and updated the kitchens and baths as well as some of the mechanicals.

Going by the photos, it’s in great condition with plenty of original details such as wedding cake plaster, moldings, stained glass and mantels. We especially like what they’ve done with the bathrooms, since we know from personal experience these tiny rooms work best when left mostly as is. They’ve left the old claw foot tubs but added new sinks, toilets, and tile going up to the original window.

The price of $1,150,000 is unheard of for the area (perhaps they’ll use comps from east Bed Stuy). Indeed, the house traded for $325,000 last year. (Another agent also has it listed for $995,000.) But we wouldn’t be surprised if they get it, since this is just what buyers say they are always looking for. If they do, it will surely set a record for Ocean Hill.

464 Marion Street [Keller Williams] GMAP