Residential Sales in Brooklyn

a townhouse in south slope for 1.25 million where can I see more listings like that?

Posted by: Anonymous at May 24, 2007 11:43 AM

We've all seen houses like this. The interiors have been cut up into floor-throughs. The mechanicals date to the I Love Lucy period. The house has good bones but would need a soup to nuts renovstion. A good project for someone who knows how to get things done in the big bad city. The price can be negotiated depending on what the tenant situation is and how dificult it would be to get them to move out. If the house has three elderly tenants, then it is not worth the price.

Posted by: Anonymous at May 24, 2007 11:48 AM

It's been said before, but I guess it bears repeating. Time on the market refers to the time from the last price change until it goes into contract. This property could have been on the market for a year and then changed the asking, got it sold and then can claim sold in 3 weeks at full asking. That's why a lot of the stats are just such bullshit.

Posted by: Anonymous at May 24, 2007 1:35 PM

Yes, I saw it about a year ago when it was through Maximus and priced at $1.3

Posted by: Anonymous at May 24, 2007 1:42 PM

is there a psycho tenant or something?
The taxes are incredibly low. If there is any kind of rent roll, this should sell.

Posted by: Anonymous at May 24, 2007 3:05 PM

pardon my ignorance but I thought the peculiar tenant laws in NYC did not allow an onwer to simply kick out tenants. Don't they have to make some sort of buyout deal?
Can't the tenants take the case to housing court? I have heard so many horror stories about the tenant from hell who will not be budged from their third floor studio or whatever. What's the real deal?

Posted by: Anonymous at May 24, 2007 3:50 PM

you have 'heard so many horror stories'? how many? ever substantiated or just same 2 stories repeated endlessly.
Yes there are instances where that can occur but that is not the usual case.
(generally buyer asks for bldg vacant on closing if that is what is desired).
Now if talking about RS/RC tenant in place - that is totally different and if you don't know the difference by now and you live in NYC - hopeless to try to explain.

Posted by: Anonymous at May 24, 2007 4:13 PM

Geez, some people on this blog are so snarky. I have heard many horror stories, including one from the tenant herself explaining the hell she put the family through that bought "her" building.
I have also heard from people who have accepted buyouts and moved. I have lived in NY long enough that I know that regardless of whether you are a RC or a RS tenant, you can still go to court, say that the eviction will leave you homeless and the court will grant indefinite stays, a lot of posters on this blog seem to be in denial of this basic fact of life in NYC. If your tenant is not RC or RS, you may not have a problem, or you may have a BIG problem. Let the buyer beware. Is there anyone who has actually been through this either as buyer or tenant?
Sometimes the know-it-alls on this site are notoriously ill informed.

Posted by: Anonymous at May 24, 2007 4:42 PM

I have been through it as a buyer. It is relatively straightforward. I had all the tenants out in less than three months. I evicted them, they had no leases, I did not buy them out.

Posted by: Anonymous at May 24, 2007 6:44 PM

Where are you dullards from.
That was a three family house.
You should learn how to cull information from someplace other than here. You don't even know how many apartments are needed to make it stabilized. Idiots.

Posted by: Anonymous at May 28, 2007 12:17 PM