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March 15, 2006
For Sale By Owner on Grand Avenue in Clinton Hill
We noticed this weekend that the house at 369 Grand Avenue in Clinton Hill is for sale by owner. The telephone number is (718) 636-0912. Anyone feel like calling to find out the price? Our prediction: They'll be asking $1.45 million and it will sell for $1.29 million.
Comments
How can you guess that without having been inside? $1.29 would be a steal if it was in good shape and didn't need a lot of renovation/restoration and had details.
Posted by: Anonymous at March 15, 2006 10:50 AM
how would I know. no pics? no nothing?
Posted by: Anonymous at March 15, 2006 10:59 AM
That's a pretty good point! Could you tell from outside if it was a 1, 2 or 3 family?
Posted by: west at March 15, 2006 11:06 AM
Because $1.45 is what a perfect 4-story brownstone wold fetch on the block and there are enough clues to suggest that this is not the case. The windows, for one, suggest that the owner of the house has not had the means to do a lot of restoration work. But, hey, it's just a gut call. We may very well be proven wrong.
Posted by: Brownstoner at March 15, 2006 11:18 AM
I'd bet that a $1.45 for a "perfect" 4 story on Grand Avenue close to Gates would actually be too low for say a 2 family with a nice garden rental, details etc.
Posted by: Anonymous at March 15, 2006 11:39 AM
That would only be good news to us!
Posted by: Brownstoner at March 15, 2006 11:53 AM
property shark lists this as a 7 family.
Posted by: Anonymous at March 15, 2006 11:54 AM
Seven family? That's like an SRO almost. It needs tons of reno, I bet. I wonder if it's being sold vacant.
Posted by: Anonymous at March 15, 2006 12:08 PM
Hey at least it still has the shutters
Posted by: Anonymous at March 15, 2006 12:15 PM
Just about every house on this block still does, regardless of its condition otherwise.
Posted by: Brownstoner at March 15, 2006 2:30 PM
Most definitely Brownstoner! Plus your place will have the "Brownstoner" provenance if you downsize in 30 years and decide to sell ;-).
Posted by: Anonymous at March 15, 2006 2:44 PM
Can you say Certificate of Non-Harassment? Ouch!
Posted by: babs at March 15, 2006 4:07 PM
Why wouldn't you just leave it as a seven family? I think whoever buys it will be buying it as investment/rental property. 1.5mm seems a little steep for a rent stabalized building.
Posted by: Anonymous at March 15, 2006 7:09 PM
it is for sale for 1.3M it is a 7 family house, i called. tough financing. chopped up. talk about a lot of work. yikes.
Posted by: Anonymous at March 15, 2006 8:10 PM
Aha, we were right on the money! Now, will they get asking price...
Posted by: Brownstoner at March 16, 2006 8:38 AM
a four story house on that block with a garden rental over a triplex in mint condition could go for well over $1.45 Brownstoner. easy $1.65 to $1.7M. the houses on grand are "grand"! high ceilings, terrific details.
Posted by: Anonymous at March 16, 2006 9:53 AM
Sounds good to us! There are only a few that would match that mint description and to our knowledge none have changed hands recently. If the house on Lefferts Place went for around that price, guess it's not a stretch.
Posted by: Brownstoner at March 16, 2006 2:06 PM
So since all of you think that's such a cheap price, who is going to shell out the cash and buy it. Got a $1MM to spare?
Posted by: El-04 at March 18, 2006 9:27 PM
They had an open house this weekend. It's in rough, rough shape, with not much left in the way of original detail. Kitchen and bath shoved into each unit (within the last 20 years, I'd guess), lots of water damage, cheap parquet on the top two floors (I couldn't tell for sure if there was anything left underneath; I think not).
The man standing at the door (owner?) seemed to be pushing the condo idea--apparently that's what's happening with the building next door.
Two of the units are still occupied, so those weren't open. And they were both in the front, so maybe nicer, but...it made me sad. Someone will see potential, though, I'm sure.
Posted by: Katy at March 22, 2006 2:21 PM
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