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January 7, 2008

House of the Day: Greenpoint's Guernsey Inn For Sale

guernsey-inn-greenpoint-0107.jpg
The hotel gods of North Brooklyn giveth and they taketh away. Only a year and a half after purchasing the property for $695,000, the group behind the Guernsey Inn at 158 Guernsey Street in Greenpoint have put the four-story building back on the market for $1,195,000. We've never been inside, but it sounds like this was really more of a monthly boarding house than a place for tourists and out-of-town parents to crash for a couple of nights. Anyone know the story behind the sale? For the curious, there's an open house on Sunday from 2:30 to 4 p.m.
158 Guernsey Street [Corcoran] GMAP P*Shark
Photo by A Test of Will




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Comments

Fuhggedaboutit. Ugly siding, why bother.

Posted by: guest at January 7, 2008 1:23 PM

Saw this on the Internets yesterday. Looks like it could potentially be a good deal if you split into a two family.

Posted by: guest at January 7, 2008 1:29 PM

Isn't Greenpoint where the toxic oil spill lies?

Posted by: guest at January 7, 2008 1:31 PM

You can offer oil-siphoning to your guests as a fun alternative to apple picking, or any of the other tired, old B&B tourist activities.

Posted by: guest at January 7, 2008 1:34 PM

this isn't quite in the cancer cluster, Enids is closer to the oil spill than the house on guernsey.

went to the open house yesterday: the inside is in ok shape, but for any kind of use beyond what it's built out to currently (weird owner apt. in the basement & 3 floors of boarders), it's going to need a good amount work.


Posted by: guest at January 7, 2008 1:39 PM

I think this is outside of the Spill Zone. I think that is further East.

Posted by: guest at January 7, 2008 1:39 PM

From the Guernsey Inn website:
"All major credit cards accepted with fee"

WTF! Isn't that illegal, or, at the very least, in contravention of the card issuers' guidelines?

Posted by: johnife at January 7, 2008 1:58 PM

Yep, it is prohibited by Visa and Mastercard and illrgal under NYS law:
http://www.gofso.com/Premium/LE/06_le_ic/fg/fg-merchants.html#C

Posted by: johnife at January 7, 2008 2:06 PM

Corcoran overpricing again.

Posted by: guest at January 7, 2008 2:29 PM

so the value has increased over 70% in a year? WTF is Corcoran thinking with these prices?
I say in a year this will be reduced to 750K

Posted by: guest at January 7, 2008 2:33 PM

this is in a great location. please do not comment on greenpoint if you do not know the area.

great for families. in PS 34 district I believe: http://www.insideschools.org/fs/school_profile.php?id=406
this is a 5 star school and was given an A by the dept of ed.

mccarren park is wonderful and only going to improve with the 50 million about to be dropped to update the landmarked pool. you would be right near both the playground and the saturday farmer's market.

also, the toxic oil spill/cancer stuff is total BS. the brooklyn stats don't support it. several other nabes rank significantly higher in cancer rates. also, greenpoint has 2 five star elementary schools - 31 and 34 - so obviously the kids are doing well.

i don't even live in greenpoint, but i do really like it and think that this is a pretty good deal for a real building in a safe area with lots of restaurants and other conveniences. you can take the g to the 7 or to the L or the B61 bus to the L which is very fast. quick trips home in a cab too compared to like park slope.

do not understand how you can knock greenpoint, which has zero projects and great schools, but hype up clinton hill and bed stuy which, even if you avoid the crime, you still have shit schools. really think that many on this site lack first hand experience with greenpoint or williamsburg and just say total nonsense. many of greenpoint streets are brownstoner charming - more brick houses like cobble hill obviously rather than brownstones. open your minds!

btw - if you don't like the exterior, change it, big deal...

Posted by: guest at January 7, 2008 2:34 PM

here, here 2:34. I love Greenpoint, and that area is safe and near everything in N Bklyn/LIC.

It's actually moderately priced considering what has been purchased or on the market in the area. For a B&B it's a great location (the alternative for guests is Le Jolie on Meeker, yuck) -- I'm surprised they are selling it, unless they've learned they just aren't cut out for doing that much laundry.

Posted by: guest at January 7, 2008 2:59 PM

the g train - the train that never runs

Posted by: guest at January 7, 2008 3:02 PM

I'd say $750-850 grand tops.

It's an ugly neighborhood (I know because I walk through it to and fro work everyday), it's a few blocks from the largest oil spill in history (on land), and during the summer the sewage treatment plant can't stank up the joint.

The rent roll won't carry 1.2 million either unless you have a serious chunk of change to plunk down on it.

Posted by: kuroko at January 7, 2008 3:16 PM

I'm not a Greenpointer, but location-wise, this is not a bad (or particularly ugly) part of Greenpoint. A long (but not out of the question) walk to the Bedford L train. Its near (but not in) the historic district, its near the shopping districts of Manhattan and Franklin, not to mention norther Bedford Ave. Its near McCarren Park and (maybe someday near) Bushwick Inlet Park.

It is NOT a few blocks from the Exxon Oil spill - its about 10 or 12 blocks (i.e., this closer to the Bedford L train than it is to the edge of the spill location). Between the spill denier (2:34) and the spill hyperbole (2:59) lies the truth...

All that said, with no CO and a use class of two family, is a B&B even legal there??

Posted by: WBer at January 7, 2008 3:31 PM

i'd use this as a one family if i had a couple of kids. big house, good school, safe nabe. good food options. it's a great deal compared to so much of what is on this site, ie: the 14th street in the slope listed in the open house pics - this is way closer to the city and in a better location and with an excellent school.

Posted by: guest at January 7, 2008 4:53 PM

I'd buy it as a single-family too.

Why don't people use cedar siding? The facades are not huge on these rowhouses; it's not like paying for siding on a huge freestanding Victorian.

Posted by: guest at January 7, 2008 5:08 PM

To word it better I mean THIS one is cedar siding, a good choice, and it's making me wonder why more rowhouses don't choose cedar.

Posted by: guest at January 7, 2008 5:09 PM

Do you mean cedar instead of artificial, or cedar instead of another wood? On the first, cost and maintenance - wood needs to be painted every 5 to 10 years; aluminum, vinyl and stucco don't rot (everything under it might, but the exterior looks fine!).

As for wood choices, a lot of people do use cedar. Usually its painted (in keeping with the Victorian originals) rather than left to weather. I've watched a bunch of houses in Greenpoint and Williamsburg get resided in the past few years, and almost all used cedar. I can only think of two others that left the cedar unfinished - the rest were painted. It is the best wood for this use - painted or not.

Posted by: WBer at January 7, 2008 5:40 PM

TO ALL YOU ARMCHAIR CRITICS:

Even though a Certificate of Occupancy isn't "on file", it can be found at the Department of Buildings record room at 210 Joralemon. Our 4-family has one there, but has not yet been scanned asa pdf into the DOB (and thus PropertyShark) website.

Also, as Property Shark states:
"The building class is assigned by the Department of Finance (DOF) as part of the property tax assessment project. It does not determine the legal use of the building.

If the tax class does not match the current use of the building, there are two possible causes: the building has been illegally modified, or the building was legally modified but the DOF has not properly recorded the change. In the latter case, usually the only effect will be that the property taxes will be incorrectly calculated."

My 4-family is actually being taxed as a 5-6 family because of its old use.

GOT IT?!

Posted by: guest at January 7, 2008 5:41 PM

I was thinking unpainted, 5:40. I love the weathered to grey, unpainted wood shingles or siding. It can be made to look modern and chic too, with sparkling white windowframes, modern light fixtures and doorknobs, etc. I like that contrast.

Posted by: guest at January 7, 2008 6:02 PM

that house siding is totally painted/treated cedar for sure. ive touched it.

and that location isnt anywhere near the oilspill and hello, its a single family for 3/4 of the cost of one in williamsburg proper, park slope or even clinton hill. most larger row homes in that area are around $1.3-4m. i think its totally well priced for a single or two family. looks like city taxes it as two family. some old weird boarder c of o isnt a big deal, use it if you want. whatever. why do people get so exercised about greenpoint? and prices? let the market prevail. its so much safer and better schools than anywhere else in brooklyn. and totally not ghetto! that said that neighborhood is too homogenous for me!!! ha ha

Posted by: guest at January 7, 2008 6:39 PM

5:41 is fresh out of Xanax.

Posted by: Rehab at January 7, 2008 6:43 PM

G TRAIN THAT NEVER RUNS? PLEASE

I COMMUTED TO THE EAST SIDE FOR 4 YEARS ON THE G AND GOT THERE IN 18mins FROM LORIMER DAILY.

WHAT THE L IS BETTER THAN THAT; TO GET TO MIDTOWN?

YOU JOKERS HAVE NOT EVEN CAUGHT THE G LATELY. LIKE SAYING THE J M Z IS ALL GUNSHOT MURDERS.

I LIKE THIS HOUSE. I MEAN A GARDEN 'PATCH', NICE.

Posted by: guest at January 7, 2008 6:54 PM

So, 5:41 - does THIS house have a CO to allow boarders? I'm sure if your house is legit, this one must be too. Don't get out of your armchair - I'm just asking.

Posted by: WBer at January 7, 2008 10:41 PM

Yep 10:41 I spoke with the broker and she said the house's C of O is "One family with 4 boarders." She said to look online at a house she sold at 272 Berry which has the same C of O, which it does except they call them "4 Roomers" instead. Unusual CO still...

Posted by: guest at January 8, 2008 7:15 AM

Thanks for the clarification 5:41. Back to my original question - is a B&B legal? "Boarders" in the traditional sense are different than transient hotel use. Which does a B&B fall under?

Posted by: WBer at January 8, 2008 8:54 AM

3/4 the price because it's 1/3 the neighborhood. I know because I work here every day. The stench from the sewage plant can be caustic at times.

I am also slightly amused to here two comments on how safe the neighborhood is because there are no "projects" and it is and "totally not ghetto".

This is code word for there are a bunch of polish honkies living here and you would be safe among your people.

1.2 milliion ain't going to fly, no way no how.

Posted by: kuroko at January 8, 2008 9:10 AM

Wber,

nyc.gov site says about boarders:

"A "boarder," "roomer" or "lodger" residing with a family means a person living within the household who pays a consideration for such residence and does not occupy such space within the household as an incident of employment therein."

Hmmm...so they're not "tenants" necessarily and shouldn't have leases like an SRO would, but are basically paying for their stay in a flexible way like a B&B. So it sounds like a B&B with 4 rooms or less plus the owner's unit (the "1-family") would be ok.

What does Scott Schnall say?!!!

Posted by: guest at January 8, 2008 9:27 AM

9:10 not ghetto means not near a scary project with black male teens that want to rob you or worse. it's not code for anything. it's not bed stuy or clinton hill or prospect heights.

it's very very safe.

Posted by: guest at January 8, 2008 1:11 PM

A friend was just mugged near McGolrick Park by white teens -- they got less than $10 and a cell phone. Since the kids were white, is Greenpoint still "not ghetto"?

Posted by: guest at January 8, 2008 1:49 PM

yes, greenpoint is not remotely ghetto. it's very safe. of course there will obviously be burglaries - but, please look at the crime stats in this week's New York magazine. ghetto black neighborhoods have way more violent crime. with the economy getting worse, so will the crimes.

Posted by: guest at January 11, 2008 4:56 PM

Weird--so now Corcoran is featuring this blog entry as a featured "article" on the house. Too bad they don't actually link to the comments!!!

http://corcoran.com/guides/index.aspx?page=Article&pub_id=6342

Posted by: guest at January 12, 2008 1:09 AM

Called the Broker to get a look through this House after noticing no open houses posted for a while. She said it is under contract.

Posted by: guest at April 10, 2008 6:54 PM

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