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July 7, 2009

532 Clinton Avenue Is In Fact For Sale

532-Clinton-Avenue-0709.jpg
We've been curious about the woodframe mansion at 532 Clinton Avenue since we moved into the neighborhood (we wrote about it back in 2006). A few weeks ago we noticed a sign that looked like it was from a realtor but it wasn't very clear and we couldn't track down a listing online. So we were excited to get a tip from a reader who had come across a listing for the property. In addition to the 18 (!) bedrooms, the 6,780-square-foot house has side parking and a front lawn. Of course, we were disappointed that there weren't any interior photos, which always makes us skeptical about what kind of shape the place is in. As for the asking price of $3,500,000, we'll believe it when we see it. After all, the better-located mansion at 275 Washington Avenue failed to find a buyer last year at its reduced price of $3,200,000.
532 Clinton Avenue [FRS Realty] GMAP P*Shark
Head-Scratching at 532 Clinton Avenue [Brownstoner]





Posted by Brownstoner at 9:30 AM | Comments (20)
Categories: Clinton Hill, Properties

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Comments

The brothel on Lincoln Pl. had about 18 bedrooms too - each just big enough to accomodate a cot. Maybe that's why there aren't interior photos.

Posted by: Arkady at July 7, 2009 9:38 AM

If I win the lotto this is mine.

Posted by: dirty_hipster at July 7, 2009 9:40 AM

I would think that since the haunted mansion sold for $1.75M (slightly bigger and better location), , it would be a good deal around $1.5M. That's assuming someone with $2.5M in cash falls in love.

Posted by: Maly at July 7, 2009 9:41 AM

why cant they just turn this isnt a CLASSSY SRO and sell individual bedrooms for like 5000 dollars each? why are there no options in nyc like that? there HAS to be a market. HAS to be!

*rob*

Posted by: PitbullNYC at July 7, 2009 9:48 AM

The owner appears to have spruced up the front a bit, but for years this placed looked really derelict. It's clear from the listing description that it needs a lot of work, so the price seems outrageous--especially since condo conversions have ground to a halt. It's a great looking house, though.

Posted by: tinarina at July 7, 2009 9:50 AM

I don't think my estimate was included in the average. Does the widget not let one appraise below 2.19 mil?

Posted by: dittoburg at July 7, 2009 9:55 AM

Well - the listing agent does say that ALL offers will be reviewed. Yeah - this one is for developers...

Posted by: bupe at July 7, 2009 10:02 AM

Never mind, The house isn't 6,780 square feet. The lot is. The house is 3,750 square feet, which makes me wonder how there could be 18 bedrooms. Sadly, since this house is outside the historic district, this is probably besides the point.
A developer could build about 20,000 square feet as of right, so the asking price is clearly not aiming at a loving restorer of old houses.

Posted by: Maly at July 7, 2009 10:13 AM

Is 18 enough, really?

Posted by: tybur6 at July 7, 2009 10:19 AM

I lived next door to this mansion for 3 yrs...the owners were crazy and neglectful of their property...to the point that there were numerous rat den's under the porch. I will be happy to see them go.

Posted by: gatesave at July 7, 2009 11:16 AM

Why wasn't this historic house included in the historic district? What a shame. I can't imagine it is long for this world.

Posted by: Minard Lafever at July 7, 2009 11:20 AM

somehow I think that 18 bedrooms (maybe meant 8)is typo in the realtors ad.
And, yes, the lot is 6780sq ft not the house.
Broker based in south ozone pk.
Not a good choice. probably of friend of a friend of some relative.

Posted by: Petebklyn at July 7, 2009 11:27 AM

18 bedrooms! Great for a Mormon family.

Posted by: Expert Textpert at July 7, 2009 11:57 AM


Why is there a big "W" across the front of the house?

Posted by: East New York at July 7, 2009 12:25 PM

Good spot ENY. Whats the story?

Posted by: dittoburg at July 7, 2009 1:18 PM

guess we know where he lives now

Posted by: more4less at July 7, 2009 1:30 PM

People complain about Corcoran and Brooklyn Properties, but I really get a kick out of the left-field real estate clowns who throw out random numbers like 3,500,000. Why not 35,000,000? I mean, if you're gonna ignore the comps, might as well hit it out of the ballpark. OR . . . maybe they meant 3,500,000 italian lire? They did get the square footage (or was it centimetres?) wrong.

Posted by: iz at July 7, 2009 1:45 PM

can't comp this to other houses.
This is a 56.5 x 120 ft lot. Lots and lots of FAR.
The land is the value not the bldg. This house's days are numbered.
Whether they end up with $3.5m (unlikely) doesn't matter.
Bought before many of Brownstoner's readers were born.
If it is an estate....maybe mostly tax free for heirs.
If orig owner is still alive...capital gains tax to pay.

Posted by: Petebklyn at July 7, 2009 1:51 PM

more4less, good call.

Posted by: dittoburg at July 7, 2009 4:01 PM

Wow! Rat's nests under the porch and the home of the What.

Posted by: mopar at July 7, 2009 7:02 PM

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