« 506 Washington Avenue: Market Rate Rentals On the Way Thursday Blogwrap »
August 30, 2007
House of the Day: 148 Clinton Avenue
Listed at $1,995,000, the 6,750-square-foot free-standing house at 148 Clinton Avenue looks like a pretty good bang for your buck as far as Clinton Hill goes. Although it's located to the north of Myrtle (typically less desireable than to the south), the sub-$300-a-foot price tag is compelling. If you can get past the Flintstones-themed facade, the interior actually has a decent amount of original charm, though it'll need plenty of work. Given the size and the large floor plates, we suspect this is more likely to appeal to someone as a condo conversion than as a family house, but you never know. Thoughts?
148 Clinton Avenue [Bellmarc] GMAP P*Shark
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Comments
2 questions:
1. What is the store next door (and is the rest of the block commercial?)
2. Is the car parked next to the building a legal space?
Posted by: guest at August 30, 2007 1:29 PM
Bang for your buck? This is ridiculous, and a dud.
Posted by: guest at August 30, 2007 1:41 PM
I lived on this block for a year about two years ago, and still go by fairly often on my way to and from errands around the neghborhood. It's a great, quiet, tree-lined block, right off of Myrtle, next to a Citibank, a couple of bodegas, that Conneticut Muffin, and of course, Pratt.
The store next door has gone through various permutations in the past few years; it's currently a 'Chicken and Waffle House', according to the awning out front.
Posted by: guest at August 30, 2007 1:42 PM
egads... just awful..
Posted by: bren at August 30, 2007 2:00 PM
It's hideous! Some nerve asking for that kind of money!
Posted by: guest at August 30, 2007 2:06 PM
"Listed at $1,995,000, the 6,750-square-foot free-standing house at 148 Clinton Avenue looks like a pretty good bang for your buck as far as Clinton Hill goes"
Mr. B stop smoking your own shit! This place is 1.9 mil???!!! Maybe you can live in park slope for that price???!!!
Someday this will end.
Posted by: guest at August 30, 2007 2:10 PM
You'll be lucky to get $200K for this place after AY is built.
Posted by: guest at August 30, 2007 2:14 PM
Agree with everyone else. This place is hideous, I don't care how big it is.
Posted by: MsBrooklyn at August 30, 2007 2:22 PM
Don't let the facade blind you. Can you point to another house listing in the neighborhood with decent interior details that under $300 a foot? Doubt it. Don't think there's much under $400 a foot. How much could you sell three 2,250-square-foot condos in this building for? For this price in Park Slope you'd get something half the size. This place is huge.
Posted by: brownstoner at August 30, 2007 2:24 PM
Gotta agree with brownstoner on this. This could be a great condo conversion with the original detail still in tact.
lp
Posted by: guest at August 30, 2007 2:28 PM
Asking price is absurd when you factor in proximity to AY.
Posted by: guest at August 30, 2007 2:32 PM
AY aside, I think it's way overpriced. 1.9M? Insanity.
Posted by: McFin at August 30, 2007 2:34 PM
Proximity to AY?! Are you geographically challenged? The Brooklyn Public Library at GAP is as close the AY as this house is. Good lord. WTF is up with the incessantly stupid AY comments?
Posted by: guest at August 30, 2007 2:40 PM
The last guest beat me to it - - this is astonishingly far from AY. It's two blocks from the Navy Yards! Who needs a Hagstrom's??
I wouldn't be deterred by the facade. The lack of subway service, moreso.
Posted by: Frank at August 30, 2007 2:45 PM
Don't be naive. The affects of AY will be far reaching.
Posted by: guest at August 30, 2007 2:51 PM
This is nowhere near the AY. Clinton Ave is nice even on the other side of Myrtle. I get the price given the building is 90 feet deep. The facade is horrible, but that's a lot of square feet.
Posted by: Drew at August 30, 2007 2:53 PM
It'll be far reaching all right. No more poor people except a few who hit the lottery with smattering of "affordable" apartments.
lol
Posted by: guest at August 30, 2007 2:59 PM
This is a four-unit multiple dwelling, delivered vacant! Which means high, high, rents. A good income-producing property.
The ugly facade does not matter for that. If the mechanicals ar in good shape and the title is clear, I think it is a good buy. It would be a poor choice for a residence though, the location is not perfect and of course the facade has been ghetto-ized.
Posted by: guest at August 30, 2007 2:59 PM
http://www.youtube.com/watch?v=JVk8d47mA_M
Posted by: guest at August 30, 2007 3:08 PM
the facade's only bad (real bad) on the weird paving-stone bay window poke-out, which might actually be an easy fix, no? could it be elegantly plastered over somehow? anyone ever dealt with sort of thing?
Posted by: guest at August 30, 2007 3:11 PM
Buju Banton rocks. Thanks for the link.
Posted by: guest at August 30, 2007 3:16 PM
High, high rents? The mortgage would be about $13,994/month, divided by 4 units makes an average rent of $3498.50, just to cover the mortgage, never mind everything else. Not feeling it.
Posted by: guest at August 30, 2007 3:26 PM
Is this really "prime Clinton Hill"? Clinton Ave. is still nice north of Myrtle, but is this actually the "hottest area of Clinton Hill"?
2:59, what's your math that makes this a good, income-producing property? (I'm not disagreeing, just wondering what numbers you have in your head.) Say you were able to get $2500-$2700 a floor, you're still short of the mortgage payment (assuming you put 30% down), and you're not living in the building. You're buying at the top of the market, so I don't you should count on any price appreciation over inflation (at least not for five years or so). And you're foregoing the $50K a year you'd get if you put the down payment into the stock market. Not sure how the math here really works.
Posted by: guest at August 30, 2007 3:26 PM
I also love Buju Banton. Man I'd love to see him live!
Posted by: guest at August 30, 2007 3:47 PM
Wow, i didn't know what to make of this site, after reading some threads these past days I'm definitely sure I don't belong here and after reading the post advocating a down payment of $598,500(30%) ARE YOU PEOPLE CRAZY, this is clinton hill brooklyn.
Posted by: guest at August 30, 2007 3:48 PM
Hey Daniel (guest) Goldstein, the far-reaching effects of AY will include less below-market-rate housing than already exists in the area, and a stronger pricing market as a result. Get used to it already and stop hating.
Posted by: guest at August 30, 2007 3:50 PM
The facade cold be easily restored. But it would not be cheap. The entire facade would need to be re-brownstoend $60,000; and the front door and transom re-created $15,000; new ironwork 20,000; contingency 10,000; approx. total 105,000. That does not include windows, repair of the cornice, assuming it is still there behind the aluminum panels, or repairs to the sidewalk. So call it $120,000 all in all. You can probably get that knocked off the sale price.
Posted by: guest at August 30, 2007 4:08 PM
We had a thread about Banton not too long ago and it was way cool. Some great lyrics.
Posted by: guest at August 30, 2007 4:35 PM
Forget the AY effect, what about the BQE effect? Personally not a big fan of having a hideous Robert Moses overpass at the end of my block. I'm just sayin'.
Nice square footage, though.
Posted by: guest at August 30, 2007 4:35 PM
Circumstances
Buju Banton
Chorus:
Circumstances made me what I am
Was I born a violent man
Circumstances made me what I am
Everyone should understand
Circumstances made me what I am
Was I born a violent man
Circumstances made me what I am
Everyone should know
Verse 1:
May sound strange, might sound foolish
But things ain't getting better
Everyday another fall victim to the beretter
Why is there so much violence
Killing we one another
Let us learn to live and let that light shine brighter
Bad influence through influence the youth dem get slaughter
As bad as badman use to be
Dem respect di father
Is like no eyes no realize she
Times get harder
Mi talk all night with all mi might
But still is laughter
Chorus
Verse 2:
Him say, when I try to cope
Tell mi self there is hope
It seems like the biggest joke
Eh eh,
And as I put down the gun
Still dollars must run
All now employment can't come
Have mi a jam and a cool
Want go back in a school
The system lick mi
There's no hope for those
Who have not from the slum
Take di little much we have
Still hunting we down
I beg unu show some love
Unu wi get back, he replied
Circumstances made me what I am
Was I born a violent man
Circimstances made me what I am
And everyone should know
Verse 3:
Well a no little cry
Mama cry, papa cry too
She warn the bwoy with all heart
And that couldn't do
Now dem find him dead with a Smith and Wesson
Six weeks and change
Now mi hear him missing
Why so much violence, too much violence
It hurts my soul and I won't keep silent
Circumstances made me what I am
That was his reply I cry
Circumstances made me what I am
Everyone should know
May sound strange, might sound foolish
But things ain't getting better
Verse 4:
Everyday another fall victim to the beretter
Why is there so much violence
Killing we one another
Let us learn to live and let that light shine brighter
Bad influence through influence the youth dem get slaughter
As bad as badman use to be
Dem respect di father
Is like no eyes no realize she
Times get harder
Mi talk all night with all mi might
But still is laughter
Posted by: guest at August 30, 2007 5:26 PM
At least the tree covers a good deal of the hideousity!
Posted by: GHB at August 30, 2007 5:35 PM
The BQE will be worthless after AY is built.
Posted by: guest at August 30, 2007 6:51 PM
My favorite thing about this listing's writeup: "Because it is so well-priced, it will not last long."
Hell, it's lasted since 1910, hasn't it?
Posted by: Rehab at August 30, 2007 7:26 PM
to 2:10pm - has it ever occurred to you that there are many many many people who can't stand Park Slope and wouldn't live there if they were paid to? Many people much prefer Clinton Hill. I am one of them, although I don't live there. This is not to say it's a reasonable price...
Posted by: guest at August 30, 2007 7:36 PM
this is not a serious real estate blog any more.
Maybe it is because most of the grown-ups are out of town with their kids in late August.
I hope so.
Stoner, you are slipping down the drain here.
Posted by: guest at August 30, 2007 8:42 PM
I'll tell you one thing, if I were one of this site's advertisers I would immediately pull every ad and take my business elsewhere.
Posted by: guest at August 30, 2007 9:23 PM
8:42 and 9:23 - why don't you state what you object to instead of making dismissive vague statements like the above? are you referring to people's assessments of prices in Clinton Hill? Why is this not serious? Who decides what's serious? And what an obnoxious upper east side assessment of what makes a grown-up - out of the city with children for August. Does money equal grown up in your world? It's the wonderful hoi poloi aspect of this site that gives you an amazing sense of the Bkln buyers community I think.
Posted by: guest at August 30, 2007 11:44 PM
I bet it smells worse that Tisha James' snapper
Posted by: guest at August 31, 2007 1:31 AM
Only a piece of trash would live in that godforsaken hell hole. I'd sooner burn 1.9 million in my tub than drop it on that abortion of a building.
Posted by: guest at August 31, 2007 1:35 AM
Looks like a great place to get mugged
Posted by: guest at August 31, 2007 1:38 AM
maybe when all the grown ups leave I can afford something.
ZING!
Posted by: guest at August 31, 2007 7:58 AM
Brownstoner, I hope your old day job is still available.
Posted by: guest at August 31, 2007 9:32 AM
Nothing else better to do at 1:31 - 1:38 am than talk to yourself, Dim Wit.
Posted by: guest at August 31, 2007 11:55 AM
Oh I'd just love to see the IP addresses on some of these anonymous posts...
Posted by: Frank at August 31, 2007 2:06 PM
For that price I would hope you get your own private enterance ramp onto the BQE which is at the end of the block ! Or you can walk the 4 blocks to the G train. Is the G really worth $1,995,000 ?
Posted by: guest at August 31, 2007 5:55 PM
I think it is way overpriced for that area. It is going to take a lot to make it attractive, and in spite of the many amenities there is still a very strong risk of theft in that hood. You are also far away up that hill to the G or the C train, so winter travels will not be a blast. But that being said some people are willing to shell out their trust funds for more, so I think someone will buy it.
Posted by: guest at September 4, 2007 12:12 PM
it has a nice amount of space (sq ft), but come on, the place looks like a dump!
Posted by: guest at March 5, 2008 5:58 AM
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