Condos of the Day: 145 Halsey Street

Does the house come with that white family? Should I feel safer, more secure, more at home because of the warmth emanating from their sunny faces? Why are the in the pictures?

Posted by: guest at December 11, 2007 12:51 PM

because it's their house and they did the renovations themselves

Posted by: guest at December 11, 2007 12:54 PM

Holy mother of God there are four apartments in that mini house?

Posted by: guest at December 11, 2007 1:01 PM

You can get a sudio in PS for this price...

Posted by: guest at December 11, 2007 1:04 PM

it looks like they did a very tasteful job on a very lovely house. take note fellow renovators.

Posted by: guest at December 11, 2007 1:05 PM

It's 4 floor-throughs. I don't see what's so weird about that.

Posted by: guest at December 11, 2007 1:05 PM

12:51 = troll

Posted by: guest at December 11, 2007 1:08 PM

Hi Everyone,
145 Halsey owner here - I actually wasn't expecting this to be on Brownstoner today (!) and am working on the website now. Please come back later this afternoon for a few more pictures. And no, the pic of my family was just my first "upload test picture" to see if I was uploading correctly and I just haven't gotten around to taking it down (will now)- wasn't planning for people to see us! :)
The house isn't small - although you are right the picture makes it appear that way, I'll have to fix that - each floor is 900 sq feet and there is a condo on each floor. Hope to meet some of you this weekend.
All the best,
Amy

Posted by: guest at December 11, 2007 1:11 PM

i hope pf emmett kept his day job. that facade has a serious case of the fugs.

Posted by: guest at December 11, 2007 1:12 PM

You can get a parking spot in BH for $425,000!

Posted by: guest at December 11, 2007 1:15 PM

True. That picture means nothing. Everybody, and I mean everybody includes pictures of their family in their condo offerings. And pictures are never included to "mean" anything.

Honey, how can we let people know that, although this is Bed-Stuy, that we are, you know, white? Um, we could include a picture?

This doesn't make them racist, it means that they are acknowledging the intersection of race and real estate, which, in truth, should be considered the subtitle of this very blog.

Posted by: guest at December 11, 2007 1:19 PM

Facade is weird but different. The things that bother me a bit -- and I'm now picking on you, Amy, I'm sorry -- are the finish on the flooring (way too glossy) and the galvanized window sashes, which can be painted for a less industrial look. Both these things are tiny but they do make the place feel glaringly "flipper".

Other than that, congratulations. I'll certainly come by this weekend to check it out.

Izabel

Posted by: guest at December 11, 2007 1:19 PM

It's so sad and mean-spirited to break up a little house like this into four cramped units.
Does anyone realize how strange this would be in any other American city?
This is what they did in the Soviet Union in the bad old days.
And to top it off it is in a marginal neighborhood and they are asking someone to buy it. I have to get off the website.
It isn't right and I need some air.

Posted by: guest at December 11, 2007 1:20 PM

will you be living in one of the condo's amy ?

Posted by: guest at December 11, 2007 1:20 PM

Looks like a wonderful place to live.. great block... good south bedford stuyvesant "Bedford Corners" area...

Posted by: guest at December 11, 2007 1:21 PM

Amy,

Your mistake is brilliant, your baby is adorable, and your house is fabulous. Good luck.

Posted by: guest at December 11, 2007 1:21 PM

Place looks great and don't let the nasty people get under your skin!
One thing though, I looked at the site and it was hard to figure out the design of the apartments.
2 bedrooms? 1 bedroom? Are they all the same general layout?

Posted by: guest at December 11, 2007 1:21 PM

There was a post on this on renovatingonthecheap.com.
http://renovatingonthecheap.blogspot.com/2007/12/halsey-street-condo-haven.html

Posted by: guest at December 11, 2007 1:22 PM

Why is it mean spirited and sad to provide beautiful housing? Although, it is pretty expensive. The market will decided if this is acceptable.

Posted by: guest at December 11, 2007 1:24 PM

1:20 -- What's sad and mean spirited is when these houses are hogged by one owner. That kind of decadence is thankfully reserved for the mcmansions of the suburbs. I'm so happy to see people sharing these buildings, caring for them together.

I'm also heartened by the fact that people are willing to take on the huge challenge of renovating an old building in the first place! I wish that there was more condo-converting of old, existing spaces, and less building of hideous new "human storage containers". People are actually kinder and gentler souls when they live in a real home, not a cubicle. Even if they have to share it.

Posted by: guest at December 11, 2007 1:26 PM

so it was renovated cheaplly ?

Posted by: guest at December 11, 2007 1:30 PM

We could use more of this in the area... STOP all new construction more projects like this.. Thanks Amy....

Posted by: guest at December 11, 2007 1:31 PM

I really hope that if I take on a renovation one day, it never gets posted on here!! The people who comment on here are so cruel!!

Posted by: guest at December 11, 2007 1:32 PM

Are there any comps for condos in this area at these prices? this seems high when you can get the whole building for $1m.

Posted by: guest at December 11, 2007 1:38 PM

Hi again, Amy here.

Thank you so much for the nice comments from so many of you and especially the one about my baby - now I don't know if I should leave the picture up or not!

Thought it may be helpful to have a little history... We (my husband and I) bought the house 2 years ago. It was a four family (since the 50's) and had already been split up by floor. It was in very very bad condition. In order not to make any structural changes we decided to keep the floor plan and bring back whatever we could. I am working on putting the floor plans on the website now... We tried to make choices that would honor the house, its history, and its location while at the same time bringing it into more modern times. You can tell as soon as you walk in that it has been given some love and certainly not done "cheaply" (fyi: the condo in the link 1:22 provided mentions our house (145 Halsey) but focuses on one down the block at 83 Halsey).

We hope you will come see that the floors actually have a satin finish (though they do look shiny in the pics!), the facade is gorgeous and full of interesting details (the house is one of a very cool row of 6), and that this is by no means a "flipper".

And 1:20 - sadly we don't live in this house although we had a hard time making that decision... We live in another one we restored 5 blocks away on Monroe between Nostrand and Marcy.

Thanks everyone!
Amy

Posted by: guest at December 11, 2007 1:39 PM

This thread is surreal.

Amy, I'm going to have to ask you to leave so we can talk about you and your building behind your back.

Posted by: guest at December 11, 2007 1:41 PM

you should post a picture of your bare feet against the wood floor

Posted by: guest at December 11, 2007 1:41 PM

amy stop hitting the refresh button

Posted by: guest at December 11, 2007 1:43 PM

I hate the anti-shiny bias on this blog--it grates!

Posted by: guest at December 11, 2007 2:04 PM

Great job, Amy. Good luck.

Don't mind the idiots who make stupid comments. They obviously have no clue about the real estate market or owning a home.

Amy: Have you visited Bedstyblog to promote your new place? That site is more civilized than the trash you find here.

Posted by: guest at December 11, 2007 2:12 PM

Good luck Amy!
No matter what is said on this blog, you did a nice job renovating. I'm glad I was able to buy right down the block from you!

Cheers.

Posted by: guest at December 11, 2007 2:32 PM

I hate the anti-grate bias on this blog--it shines!

Posted by: guest at December 11, 2007 2:39 PM

I'll buy the family for $200,000. Not really interested in the condo.

Posted by: guest at December 11, 2007 2:47 PM

Amy, you have a lot of backers on this blog, but if you are the seller, I don't think you have a chance in hell selling this litte walk-up in Bed Stuy for 425 thou.

Posted by: guest at December 11, 2007 2:51 PM

Contrary to 2:51 - I am definately looking foward to seeing it this weekend. 425 is well within my budget for a nice 1 BR in this area.

Posted by: guest at December 11, 2007 3:00 PM

A place like this sold on my block in Stuyvesant Heights at 500K per floor... you should be fine Amy

Posted by: guest at December 11, 2007 3:05 PM

I believed that the photo of the family was an accident, but now most of the day is gone and the photo is still there. So perhaps the first poster and 1:19 were right.

Posted by: guest at December 11, 2007 3:05 PM

Would it be terrible to sell these for 299, 300 or so? Wouldn't you still make a profit? Well, the market will make the decision.

Posted by: guest at December 11, 2007 3:06 PM

Ditto.

Posted by: guest at December 11, 2007 3:07 PM

Hey folks lookie here!!! As you fucktards know I have MLS Account! I took a look at 145 Halsey St. and look a triple flip happened! Amy you are a doll and i hope there was NO FRAUD. Heh heh...

07/20/2005 01/10/2005 01/10/2005 10/30/1984
Sale Price: $710,000 $433,000 $379,000
Buyer Name: Beacom Amy Engel Michael Eisdorfer Joel Jones Marva
Seller Name: Engel Michael Eisdorfer Joel Jones Marva

I hope this lines up but, you can figure this one out LMMFAO. The part thats rich is you are tryng to make 2 Million in the ghetto. Oh man, you got to love this shit. See why I go off!!!!

The What

Someday this war is gonna end.......

Posted by: guest at December 11, 2007 3:18 PM

You should sell for a fair price and that will be what somebody is prepared to buy for.... Ignore the haters!!! This is priced correctly.

Posted by: guest at December 11, 2007 3:23 PM

there are 3-rooms apartments in many elevator buildings in far nicer neighborhoods for $350-380,000. I'm talking Brooklyn Heights and Park Slope. The little units are affordable.
I think this posting is simply ludicrous.
Can you imagine the narrow stairway? I hope the public halls have sprinklers because a four-unit building is a multiple dwelling and has to comply with at least some minimum standard of fire safety for the residents. The condo will need to provide barrier-free access to any resident who demands it. It is in no way, shape, or form a house any more. It is a multiple dwelling.

Posted by: guest at December 11, 2007 3:27 PM

I'm not sure it's fair to jump on the seller just because she's opened up her personal lives to us.

That being said, I think the price is market, just, you know, the market is a joke right now. I'm guessing these are an option for families much like Amy's own... except for the bad schools, lack of amenities, lack of real bedrooms, etc. They should probably be 100K cheaper, as per the price of new construction in the area for the same square footage. Priced at $450K... why wouldn't I just buy a Scarano mezzanine in east Williamsburg near Cooper Park, or something in Inwood? Both are about the same price and have better schools.

Posted by: guest at December 11, 2007 3:36 PM

The entryway and bathrooms also all need to be handicapped accessible. Hope you knew what you were getting into?

Posted by: guest at December 11, 2007 3:39 PM

Wow, I can really feel the jealousy radiating from my computer screen.

Yes they Paid 710K after a flip. Yes they spent two years renovating and likely making hundreds of thousands of $ in improvements. Yes they WILL get upwards of $400K for these units and turn a very nice profit for all of their time and efforts.

It is seems the main focus of negativety is jelousy and avarice here. Face reality - If you take a chance and invest your time and money wisely, you too can do very well. Hating others for it will not improve your pathetic lives.

Posted by: guest at December 11, 2007 3:39 PM

Amy, good luck. There are more of us rooting for you, than those who do not.

They are just jealous that when they can't manage to buy anything, because every neighborhood it just too - too expensive, too far, too close to the projects, too far away from the subway, too black, too popular, too poor, too rich, too homogenous, too far from mommy's basement.

You and your family have managed to get 2 pieces of property, and are making a profit, as well as a home. How dare you!

Great house, thanks for preserving the details, and going for class over crass.

Preservationista

Posted by: guest at December 11, 2007 3:44 PM

Does that home page photo on your site have anything to do with this house? I don't see how you have a open staircase layout in a house that has been split into four condos.

Posted by: guest at December 11, 2007 3:45 PM

Yo asshats. The Stock Market is getting Assraped! The FED only cut a quarter point. Plus the Layoff are fucking coming! So flips like this are FUCKING DEAD!!!!! Have a Merry Fucking Xmas. LMMFAO!!!!!!!!

The What <--- See I was right.

Someday this war is gonna end.......

Posted by: guest at December 11, 2007 4:07 PM

Amy,
I think you blew it.
You should have made this an owner's triplex with ground floor rental. People are looking for charming houses like this and will pay a premium for them, and Halsey Street is nice. But little walk-up apartments are a dime a dozen. Plus I'm not sure it complies with the multiple dwelling code. You need two means of egress or a fire rated stair (no wood) and sprinklers. You also need all baths to be ADA compliant. You could have made real money converting it back to a real house. Did you speak to an architect? Do you have a C of O?

Posted by: guest at December 11, 2007 4:07 PM

I went to see this house last weekend and it was lovely, with some really brilliant details, though there is a little work left to be done. The seller was just about the sweetest person I've ever met. Good luck!

P.S. I've been looking for many months and you can't get anything comparable to this place in Park Slope. And if you want to go live in some new designer hi-rise, be my guest. The new, cheapo versions of "modern" that people are building by the dozens are terrible.

Posted by: guest at December 11, 2007 4:15 PM

3:39, well said.

About the C of O, can you actually sell an apartment without a C of O? I mean, doesn't that come up during due diligence?

Posted by: guest at December 11, 2007 4:17 PM

"Ignore the jerks, especially the What."

But, what if the jerks are right? LMMFAO Stupid!
Look at the Markets! People are being taken to the wood shed. Plus if there is a meltdown, every loan in a banks pipeline will come to a fucking HALT!!!!! Most likely the load will NOT be made.

The What

Someday this war is gonna end...

Hey Assholes, you will pay for your GREED!!! Very soon!!!!

Posted by: guest at December 11, 2007 4:25 PM

I'm not trying to be a jerk, I'm trying to point out that no matter how nice the renovation, no matter how nice the seller, $425K for a 1 bedroom walk-up in a marginal area isn't a great deal.

I could, for example, RENT an apartment with just as much loving detail in this same area for under $2K a month, possibly well under $2k. So why would I buy this?

Posted by: guest at December 11, 2007 4:26 PM

Oh yeah Amy, How much cash you got back at the closing table?? I hope you got cash instead a check. LMMFAO

The What <-- I love this shit!

Someday this war is gonna end...

Posted by: guest at December 11, 2007 4:27 PM

This is not a marginal area. There is no lack of amenities. You idiots who make such comments have no idea where this palce is and have not been to the neighborhood. Go back into your bubble and be quiet.

What: Take your medication or I am calling your doctor again.

Posted by: guest at December 11, 2007 4:34 PM

Many of us are saying "marginal area" to be polite.

I don't live in a bubble.

Posted by: guest at December 11, 2007 4:37 PM

Ok Brooklynnative, I'm going to explain this to you one more time. IF credit is contracted our economy is FUCKED. Debt is the way we create money! GOT IT! IF banks don't lend money we will have DEFLATION! This will have a effect on ASSET prices. Right now we are going thru a CREDIT crunch and NO rate cut will save us. WE ARE FUCKED. And I don't buy that bullshit (you read prudent bear).

The What

Someday this war is gonna end.....

Posted by: guest at December 11, 2007 4:50 PM

Amy...you are my inspiration! Just purchased a four story in Crown Heights. My husband and I were not sure which route to take. But, now we are convinced to convert our floor throughs. Can you share your contractor, Attorney for conversion, and other experience with us. We are from europe and need a little help navigating through the system. (MrWalker2u@aol.com)

Posted by: guest at December 11, 2007 4:51 PM

Bubbleheads: Marginal is not polite, it is inaccurate. You don't know the neighborhood.

The What is a mental case.

Posted by: guest at December 11, 2007 5:03 PM

I am the one who said the area is marginal. I lived here (near Tomkins Park) in 2000-2001. I paid $950/month for a beautifully renovated parlour floor-through. I can accept that the same apartment might now rent for $2K. I have a hard time accepting that it would cost twice that monthly (at least) to buy it. Like I said, I'm not trying to be mean -- just realistic.

Posted by: guest at December 11, 2007 5:04 PM

Sorry, but Bed-Stuy is still marginal, or, "in transition" if you will. It's just the truth. That's why you can still get townhouses for $700K or less. Cut the bullshit already--it is what it is.

Posted by: guest at December 11, 2007 5:08 PM

Bed-Stuy is not marginal. Go back to your bubble.

Posted by: guest at December 11, 2007 5:11 PM

The What: Don't you see the irony in trying to lecture us when you can't construct a sentence? It's not too late: GET AN EDUCATION. Then maybe we can talk.

Posted by: guest at December 11, 2007 5:12 PM

5:11
If you repeat it to yourself enough maybe it will be true.

Posted by: guest at December 11, 2007 5:14 PM

"You attract more bees with honey than vinegar."
Nope tried that. Now is NOT time to be civil, our system is in jeopardy ! The same shit that happen in 1928 is happing now! Fucking GREED!! Makes me sick!!!! People say that I'm overreacting but, Asset prices has gone thru the roof. You tell me people on this blog can afford the overpriced shit posted here. Here is a lady trying to sell you a condo in the middle of the fucking hood for 400k and to top it off the are NO amenities in that Neigbhood!!!! BTW I grew up on Hancock St between Bedford and Nostrand!!!! Am I the fool here!!!!! You got to be kidding. BTW Amy you are toast on this one, come live in your own piece of shit.

The What <--- No more Meds

Someday this bullshit is gonna end....

Posted by: guest at December 11, 2007 5:16 PM

"The same shit that happen in 1928 is happing now!"

"Asset prices has gone thru the roof."

Posted by: guest at December 11, 2007 5:25 PM

"Am I the fool here!!!!!"

In a word, yes.

Posted by: guest at December 11, 2007 5:25 PM

"The crash happened in 1929, not 1928 you idiot."
Hey asshead! I'm talking about the timing, not the event! Stupid.

The What

Someday this war is gonna end...

Posted by: guest at December 11, 2007 5:31 PM

The What = renter

Posted by: guest at December 11, 2007 5:32 PM

The What = Landlord

Posted by: guest at December 11, 2007 5:34 PM

LMMFAO, I need this spelled out for me.

Posted by: guest at December 11, 2007 5:37 PM

The What F's his M in the A

Posted by: guest at December 11, 2007 5:42 PM

Dear Mr. or Misses What,

Instead of concerning yourself with what one small investor is potentially earning why don't you Property Shark or ACRIS and see what the developers at ORO, One Brooklyn Bridge Park, 15 Central Park West, etc. paid for their sites. Since you got time on your hands you could also go to a couple of open houses and buy some offering plans. Then go do the math and get back to us.

This is America, and NOTHING is more American than profit.

The How
This War will never end 'cause capitalism is the American way.

Posted by: guest at December 11, 2007 6:07 PM

"LMMFAO, I need this spelled out for me."

Laugh my mother fucking ass off

Instead of concerning yourself with what one small investor is potentially earning why don't you Property Shark or ACRIS and see what the developers at ORO, One Brooklyn Bridge Park, 15 Central Park West, etc. paid for their sites. Since you got time on your hands you could also go to a couple of open houses and buy some offering plans. Then go do the math and get back to us.

Don't have to. I'm a Broker stupid. Plus the developers at ORO, One Brooklyn Bridge Park, 15 Central Park West are fucked. They leave the lights on so you think someone lives there. Those places are clusterfucks, no one can afford them. Wall Street LMMFAO layoff are coming. No bonus for GS fucktards.

"This War will never end 'cause capitalism is the American way."
No asshead! Fucking people over is the American way. 1 Million Iraqis cilvilans was killed in this war. So we can have the 'American Way'. Go fuck yourself!

The What

Someday this war is gonna end.....

Posted by: guest at December 11, 2007 6:22 PM

Meanwhile, back on the subject, that's a nice looking fireplace...

Posted by: guest at December 11, 2007 6:35 PM

The What is easy to pick on--he's an easy target, so of course all you elitist pansy snobs go after him. But the essence of his message is 100% correct. The signs are everywhere. And even the brokers themselves (four actually, in the last month alone) have told me that 2008 will be pretty bad.

Posted by: guest at December 11, 2007 6:36 PM

I just had a piece of delicious, creamy, buttery jarlsberg. It was so yummy. I want some more.

Posted by: guest at December 11, 2007 6:42 PM

Cheezy, like the What and the Bubbleheads.

Just becasue a neighborhood isn't completly filled with white people does not make it marginal or "in transition." What a bunch of morons.

What = mental

Posted by: guest at December 11, 2007 6:55 PM

Smoked. Gouda.

Posted by: guest at December 11, 2007 6:56 PM

wow, I bet brownstoner and his wife are sitting back in their renovated brownstone with their kids reading this like - I can't believe we make a living off this, I can't believe our lives are supported by initiating arguements about bullshit that doesn't even really matter in cyber space. fascinating.

Posted by: guest at December 11, 2007 7:17 PM

Wow, Rehab, you're a real cheese expert. I'm taking note for my trip to Zabar's tomorrow.

Posted by: guest at December 11, 2007 7:32 PM

Hey Late night asshumpers! The Asian markets are down 290 point as of 9:50 Tokyo time 8:00 PM New York time. The Asians (remember them) they are bankrolling your asset bubble. When they see America is fucked, GAME OVER. There will be no one to buy Mortgage backed paper plus our debt. Merry Fucking X-Mas.

The What

Someday this war is gonna end....

Posted by: guest at December 11, 2007 8:01 PM

Velveeta and Schlitz, mmm-mmm.

Posted by: guest at December 11, 2007 8:02 PM

"The What is easy to pick on--he's an easy target, so of course all you elitist pansy snobs go after him. But the essence of his message is 100% correct. The signs are everywhere. And even the brokers themselves (four actually, in the last month alone) have told me that 2008 will be pretty bad."

6:36 I agree 2008 will be pretty bad - for owners who need to sell at least. For owners who don't, and I'm one of them, this is just a parlor game. Personally, I think The What is right and the insane run-up in prices over the past few years is gone for a while. But I resent being addressed as a fucktard or an asshat (whatever those are) and the implication that only The What knows what's really going on out there. Please.

Posted by: guest at December 11, 2007 8:04 PM

Sorry recent homebuyers/refinancers. There's a lot of truth to what 'The What' is saying. Think about it. There was no Tech bubble. Then there was no housing bubble. Then there was supposed to be a soft landing. Now there's no recession. Recognize the pattern? It doesn't take some detailed, backed up, complex economic analysis. It takes history and common sense.

Amy - good luck. You appear to have done a fabulous job with your development. It's not impossible for you to make out alright but the odds ARE against you. But you have no choice but to give it a shot. Worst case, you cut a loss. Better case, you become a long term landlord and unload before the next bust. Best case, you suprise the hell out of us. May God bless you.

Posted by: guest at December 11, 2007 9:31 PM

the WHAT = allen m. one day we will out him. stay tuned.

Posted by: guest at December 11, 2007 10:25 PM

Cute little house in a poor black neighborhood. Not marginal but rather well off the margin in most people's opinion. Cutting up into little apartments was probably best way of exploiting the floor area in this neighborhood. However based on photos of the stair, it is probably illegal so the whole thing is really not worth shit.

Posted by: guest at December 11, 2007 10:35 PM

"Bed-Stuy is not marginal. Go back to your bubble."

Sorry, 5:11 PM Bed-Stuy is a slum

Posted by: guest at December 11, 2007 10:37 PM

To those amongst us who is not seething with hate and jealousy, we can look to www.504hancock.com to see how a similar project fared.

Posted by: guest at December 11, 2007 11:10 PM

11:10

RE 504 Hancock - How many ways can you say revolting?

Posted by: guest at December 11, 2007 11:20 PM

11:20, I am willing to wager that your place certainly doesn't match up to neither of these properties. I doubt if you even own your own place, loser!

Posted by: guest at December 11, 2007 11:42 PM

11:42 WRONG, actually own a Cobble Hill Brownstone. What sort of hut do you live in?

Posted by: guest at December 12, 2007 12:04 AM

Prove it! What is your address?

Posted by: guest at December 12, 2007 12:48 AM

I thought so....

Posted by: guest at December 12, 2007 12:52 AM

MORONS if you bothered to read the house was an existing four family = NO ADA, existing CofO or not does not matter at it was 4 family prior to 1968. As far as price, for this money I'm going to buy a new Ferrari with a vacant lot in ENY and just sleep in the car. Why would anybody want to pay through the nose to live in the hood? The What might be a little extreme but he is right on the money, believe it or not, only time will tell. Keep up the good work Mr. What!!!!

Posted by: guest at December 12, 2007 3:09 AM

Can someone save all the transcripts for Mr. Brownstoner and give them to his children one day. It can be like see this is how daddy and momy sent you to school. Aren't you proud of them?

Posted by: guest at December 12, 2007 8:18 AM

If you read The What often, you will notice that his grammar & spelling are just fine when he takes his time. His errors come from passion. And, most importantly, he is right.

I want to say good luck to Amy, and I do wish her luck, but I can't help thinking about people in this neighborhood who would love these apartments at a lower price.

Posted by: guest at December 12, 2007 9:20 AM

12:52 AM
You First. I'm not giving out my address to an obviously psychopath with stalker tendencies.

Posted by: guest at December 12, 2007 9:49 AM

the most expensive unit in 504 hancock is still sitting at corcoran for 485k and its a 2 bedroom. the cheapest unit sold for 345 pretty quickly because thats probably a more reasonable price to charge for condos of this nature. I guess at the end of the day all flippers are greedy and trying to make money. I rarely see a flip where the prices are moderate and reasonable because ppl want to squeeze every dime possible from their efforts. I think these units will sell well if they were priced in the mid 3s and amy and her nice white family will make their profit quickly and run for the border but that won't happen. they'll leave them priced in the 400s and it will sit for a while before someone snaps it up which will increase carrying cost. that said, there was a similar reno on macdonough between stuyvesant and lewis (arguably the best block in stuyvesant heights) and the units were priced at 485. they didn't have much details and the rooms were tiny but I guess they sold since they're not up anymore. hasley ain't macdonough though.

Posted by: guest at December 12, 2007 9:52 AM

I am not sure that just because an old house was cut up into four apartments sometime in the past that it can waive all multiple dwelling, life and safety and handicap codes when it undergoes a major rehab and when it incoporates into a condominium association.
I don't know. it seems to me that I have heard others having real issues with some of the things that appear not to be an issue (wooden stairs) on this project.
Certainly a new C of O would require code compliance and I doubt this building ever had a C of O. Hopefully the attorneys for the buyers will do their due diligence.

Posted by: guest at December 12, 2007 10:14 AM

"I can't help thinking about people in this neighborhood who would love these apartments at a lower price."

"I guess at the end of the day all flippers are greedy and trying to make money. I rarely see a flip where the prices are moderate and reasonable because ppl want to squeeze every dime possible from their efforts."

This kind of talk is insane. Who in their right mind sells real estate for anything less than the maximum? These posters are either renters or hypocrites. Or both.

Posted by: guest at December 12, 2007 11:03 AM

Bed-Stuy is not a slum. God, you freaks need to get out more. And you need to learn how to identify your racist tendencies.

Posted by: guest at December 12, 2007 12:55 PM

Calling a area a slum is a statement of economics, not race. Get your mind out of your white pillowcase.

Posted by: guest at December 12, 2007 9:54 PM

Actually 11:03 I own. Sometimes the desire to improve the community trumps profit margin. I know it's hard for you to wrap your mind around that but there are some transactions that are not simply about maximizing profit. The Civic, The Communal are Values just as extracting maximum profit is about values.

In DC, there are black families lowering their prices for other black families just so that this neighborhood is not taken over by people who, in the end, will clutch their purses whenever a black man is present. In order to maintain a sense of community, these people are lowering their profit expectations. Other groups do this too.

These apartments will not sell at these prices anyway.

Posted by: guest at December 13, 2007 11:46 AM

word have connotations so be honest.

Posted by: guest at December 13, 2007 11:47 AM