Open House Picks

I really like the Park Slope house.

Not a bad price, either.

The Prospect Park South house has no link to the the listing...

Re: the Park Sloep House ... Slope Heights Realty?!

How do these lame-ass local brokers get these listings? And NO ... I'm not a broker. Bad pics, no floorplan, etc.

Dude, you're selling your house for $2 million!! You can afford the A Team.

Finally a crop of Open House Picks with some decent prices. Hail the market correctino!

ah ha ha ha, I'm loving the market correctino. Can we have that as a permanent feature? "This Week's Correctino"?

The Kermit Place house is nice. And that's not only because you would get to live on Kermit Place.

What "market correction?" The Lefferts Manor house is asking 150K more than one of those houses (unrenovated) has ever sold for (ever!). There's even an identical one for sale now at 850K. I eagerly await the correction!

I love the market correction shit. Prices are still increasing on single family homes in Brooklyn in the first quarter of 2008, per the news this week. As are co-ops. Only condos saw a decline.

We'll let you know when brownstones in the Slope sell for 250K again so you and 4 friends can go in and SNATCH ONE UP!

I've seen the Park Slope house, the pictures (albeit horrible) are flattering compared to what its like in person... needs a lot of work. it was on the market about a month ago at $2.5 million and then the listing disappeared about a week later. Now, it's back at $2.35 million.

Yet another $2.25+ million Park Slope house that needs $500,000+ to get into good condition ... SWEET!

yep, for over $2 million it would be nice if the staircase wasn't pulling away from the wall..

Please get a new server!

I actually went to see the house on Albemarle yesterday. I don't have any experience with renovations but let me tell you this house is in scary-bad shape - from the outside it looks like it has been abandoned and from the inside it looks like squatters live there. They've done some work but almost none of it is finished and some of it is very arbitrary. For example, they put in a new tile floor in the little solarium off the dining room. Why in god's name would you waste your money on that when the front steps are literally crumbling? And the kitchen consists of a floor, that's it, no cabinets, no appliances, just wires and a floor. The broker, who could not have been any nicer, was told by the owner that to finish the house will cost about $100K. That doesn't even count the exterior.
That said, for the right person with a certain strength of will this house could be magnificent - it's got all its original fireplaces and wood paneling and it's enormous and romantic. Funny thing is, right afterwards I went to see a fully renovated house around the corner with a totally gorgeous cook's kitchen etc... but I can't get this Albemarle house out of my head. I'm even taking my husband back to see it.

Flintstoner:

First congrats on the Flea. Its really fun.

Secondly, fire your IT guy. Your server is still messed up.

Lastly, the Prop Shark listing to the Kermit Place house goes to the PPS house. I'm curious what the FAR is with the Kermit Place house? And if there is added FAR, how difficult it would be to build up, instead of back.

Thanks and keep up the good work!

If you want to see a Park Slope house for under 2 mill, check out NYTimes FSBO listings! They do exist...there's a cute move-in one on 12th St. having an OH on Sunday.

Commenting traffic looks to have dwindled to 20% of what it was 3 months ago.

can someone please explain to me what FAR is, and how it is calculated, and what the value it is (or will be) to a person's home/property?

thanks much!

If the Albemarle rd house has no kitchen, house will not be appraised as habitable and therefore you CANNOT get a mortgage. You have to get a construction/rehab loan which are almost nonexistent right now. If you can find one, the rate will be horrible. Bid low and only if you have seriously perfect credit and are willing to deal with the whole thing falling apart.

The Albemarle Road house, I have not been inside but have driven by it many times and the exterior needs a complete over haul and that alone would cost you a min of $150K. I am sure this house is great and has the potential to be an amazing home.
But from the looks of the exterior and 2:51 posting, I would be more scared of the unknow! What you do not see cost more money then what you do see. Once you start a renovation on a grand home like this, you can't stop and if you are going to do it you need to do it right. $$$$
Now if I am correct the other listing 2:51 saw was 169 Stratford. I saw this house when it was for sale maybe 2 years ago. Seems they spent a whole a lot of money on a kitchen that they are not going to get there money back on, come on a built in coffee, espresso maker. What do one of those things cost???

Brenda, you're killing me w/ those numbers, but back then the only bank I could go to was shaped like a pig, so I guess it doesn't matter.

8:23,

That is simply not true. You can get a mortgage on a house without a kitchen without getting a construction loan. Of course as with all mortgages these days, you must be credit and income worthy and the house must appraise. This house does however have a kitchen but it doesn't have appliances.