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January 30, 2007

This Week in Foreclosures

warehouse
With all the talk of weakness in the subprime market, it's not surprising to see some interesting properties on the foreclosure block this week; of course, it's also not surprising that they're all in lower-income nabes. The most enticing listing this week is 309 Kosciuszko Street aka 335 Throop Ave, a 30,000-square-foot prewar brick factory building a couple of blocks from Tompkins Park in Bed Stuy. The lien on the building is about $1 million but you gotta figure it's worth several times that. There's no extra FAR but the zoning's R6 so converting it should be relatively straightforward. Also of interest this week: 217 Vernon Avenue.
Foreclosures [Property Shark]
309 Kosciuszko St [Property Shark] GMAP P*Shark
Photo by Kate Leonova for Property Shark




Posted by Brownstoner at 10:29 AM | Comments (4)
Categories: Bedford Stuyvesant, Brooklyn, Foreclosure, Real Estate

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Comments

Mr. B,

I noticed you mentioned the R6 zoning. You know any good sources to learn more about zoning and variances in NYC?

Posted by: Anonymous at January 30, 2007 8:39 PM

I think your GMAP link is wrong.

Posted by: cobblestoner at January 31, 2007 2:20 PM

I believe vernon was a house owned by one of those hasidic investors who were offering buyers 100 percent financing. met the person who bought it wow

Posted by: anon at January 31, 2007 5:06 PM

Not an easy read, but it is all here:

http://www.nyc.gov/html/dcp/html/zone/zonetext.shtml

Posted by: Anonymous at January 31, 2007 5:33 PM

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