My wife and I are looking to make an offer on a two-family. The building currently uses an oil heating system. Our broker has asked the seller for records for oil purchases so we can get an idea of the cost of heating, but we haven’t been updated.
I’ve done a lot of digging around these forums, and have seen some posts with people on the high side saying their costs of oil heating was in the $1K/month range for a similar home, so it could be a significant part of the financial calculations.
The seller has asked for a best-and-final offer we are generally inclined to make one. However, the unknown of the oil heating question has us a bit concerned. Is it unreasonable for us to push harder to get this number before making an offer? Or would you guys recommend any other strategy for handling this unknown? (more…)
When 194 MacDonough Street was built, it was one of the fanciest row houses in Stuyvesant Heights. Now it looks like it still has most of those original details, at least on the parlor floor, but will take a lot of work to restore.
Much of the parlor floor seems to be covered in paneling, which probably means extensive plaster restoration will be needed, going by the photos. Still, the staircase, wood work, and wood mantels with Minton-style tiles are all extraordinary.
An LLC bought it for $760,000 from an estate in December. Now the new ask is $1,775,000. Think they will get it?
(By the way, the previous owner shared a name with the judge who owned the Slave Theater, but it is not the same man.)
A highly anticipated installation at the Flatbush Trees will happen May 18 through May 22, artist Dave Eppley told Community Board 9 last week. Eppley has been working for the last six months with students at a nearby school to design flower bouquets made out of sign vinyl that will be applied to the dilapidated 1970s-era tree sculptures, located at the intersection of Ocean Avenue, Flatbush Avenue and Empire Boulevard, right across from Prospect Park.
Apparently made of concrete and some other weather-impervious material, the tree-shaped sculptures also serve as a street signs and mark a park entrance.
A sign maker by trade as well as an installation artist, Eppley said he does not expect the decorations to last more than a few years, and that is intentional. “I hope another artist will adopt [the Trees] as their own in a year or two,” and do something else with them, he said.
The long-empty and boarded-up apartment house at 889 Bushwick Avenue — it was built in 1919 and for years has sported a spray-painted “roof off” warning to city workers – is being repaired. When we stopped by Saturday, it looked from the sidewalk as though the interior had been completely gutted.
A permit says the scope of work is “removal and replacement of damaged floor joists, roof joists, and structural stabilization.” It had 24 apartments in the past, and will have 24 apartments again when the work is done.
The owner is David Cohen of Bushwick Realty Holding, which purchased the building and its neighbor at 871 Bushwick Avenue, in April 2014 for $15,000,000. That building, formerly the Menorah Home for Aged and Infirm, is being converted to a “nonprofit/philanthropic” with “sleeping accommodations” for 113 people, according to the alteration permit.
In fact, as far as we can tell, Bushwick Realty Holding purchased the entire block. So more development could be in store for parts of it now used as parking.
The red and white brick building, vaguely neo-Classical, at 889 Bushwick Avenue was designed by architect Louis Berger & Co., according to the Bushwick Wiki. It is part of the proposed Bushwick Avenue Historic District. Click through for more photos.
This week our Open House Picks consists of two outliers and two flips. The most expensive property is a single-family house in Victorian Flatbush that appears to be a custom-built home dating from the mid to late 20th century. Bargain hunters should check out the pick at the other end of the price scale, a circa-1900 neo-Colonial in Old Mill Basin. The two flips, both in Bushwick, are unusually decent, plus they also have original details such as mantels, window surrounds and stairs.
Prospect Park South 200 Rugby Road
Sunday 1:00 – 3:00 GMAP
Hudson Companies just sent us this new rendering (above and below) for the 170-unit building they are planning at the corner of Nostrand and Clarkson avenues in East Flatbush. The architect for 1295 Nostrand Avenue, also known as 310 Clarkson, is Jonathan Kirschenfeld, of Floating Pool fame.
The parcel down the street Hudson just closed on (see our 9:30 am post today) will be a separate building. That one will have about 250 apartments, and the architect will be CetraRuddy, a Hudson exec told us. (more…)
A rundown and altered Second Empire-style wood frame house at 40 Cambridge Place in Clinton Hill is getting a total redo using Passive House technology. The exterior will be restored to match its twin next door, including windows that appear to be double hung, because it is in the Clinton Hill Historic District.
The missing porch and altered bay window will be restored. The inside will be retrofitted according to Passive House standards, according to DOB permits.
Right now, the whole thing is shrouded in scaffolding — as is the house next door at 46 Cambridge Place. (That may be to protect it. The house did recently have some work going on inside, but apparently it’s not related to this project.)
When 40 Cambridge was a House of the Day in 2011, we said it had lots of details in and out but appeared to need work. Click through the jump below to see what the exterior looked like in 2012 and to see the house under construction now.
The house last changed hands for $740,00 in 2011. The owner plans to obtain a new certificate of occupancy but will keep it as a two-family, according to permits.
Here’s a lovely brick Italianate that has been updated with a rustic — but not overly so — vibe. There are three marble mantels and crown moldings as well as some exposed beams and brick. It’s set up as rental over an owner’s duplex, and the parlor floor has been opened up. There’s also a stained-glass skylight and deck.
Two opens houses are planned for Saturday from 1 to 3 pm and Sunday from noon to 1. What do you think of it and the ask of $2,700,000?
Brooklyn preservationists and Brownstoner readers were among the activists who turned out to protest the Mayor’s plan to wipe out existing height caps in Brooklyn’s historic row-house neighborhoods. (more…)