House of the Day: 1163 New York Avenue
This may be the first flip we’ve seen in East Flatbush, and likely the start of many more to come. For a flip, it’s decent looking, we think. The exterior has a lot of charm, and there is central air and a restored two-car garage. We could see this appealing to a lot of buyers priced…
This may be the first flip we’ve seen in East Flatbush, and likely the start of many more to come. For a flip, it’s decent looking, we think. The exterior has a lot of charm, and there is central air and a restored two-car garage.
We could see this appealing to a lot of buyers priced out of areas closer to Manhattan who need more space and something in move-in condition. But, the single-family house is not large — 1,330 square feet, according to PropertyShark. And the ask is $799,000, a bump up for the area, no doubt.
Do you think it’s reasonable, given this house is renovated and most are not?
1163 New York Avenue [Halstead] GMAP
Where did Brownstoner market place get the before pictures from? ; they are not a part of the current Brokers marketing?
But that said, it is priced right for the property best use: it is in an R6 zone on a large lot. The way development is going a developer could buy this to build low income housing + community use space (Day Care etc) and do OK.
Close to Downstate / Kings County as well as Brooklyn College, some new construction rentals with modern amenities will do well there.
For all the frame house enthusiasts lets hope a home buyer steps forward quickly.
The huge yard & the garages are a bigger draw than the number of bedrooms and bathrooms to many buyers and so rarely available in reasonable condition in this price range.
If that’s your target buyer, why put money into a gut renovation? It was purchased 1-2 years ago, totally decrepit. Why not sell it to a developer that way?
It’s ambitious for East Flatbush, that’s for sure, especially a single-family without a ton of space (it’s only got 2 legit bedrooms plus a master suite type space in the attic).