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22

Waverly Shell Coming Up for Auction

Categories: Clinton Hill, Properties

437-Waverly-Avenue-1109.jpg
As Clinton Hill Blog noted last week, the shell of a house at 437 Waverly Avenue is coming up for auction on Thursday. The house has become part of local lore, as it's sat vacant for the last decade. The same family lived there for 80 years before that but they never recorded the deed which is why it's been unable to be sold for so long; the ownership issues are now sorted out and the elderly daughter of the original owners will receive the proceeds. From what we gather, a recent engineer's report says that the building is structurally stable and that the front wall is in good shape as are most of the beams; however the roof and back wall need repairs. Bidding is expected to start around $450,000 but anything is possible. The auction takes place this Thursday at 2:30 pm in State Supreme Court, Part 76G, Room 575. It is an "as is" sale with no contingencies; the closing will be within 30 days.
437 Waverly Avenue [Brooklyn Properties] GMAP P*Shark




By Brownstoner at November 10, 2009 11:00 AM | Comments (22)

22 Comments

By daveinbedstuy on November 10, 2009 11:03 AM

How wide is it???

By architect66 on November 10, 2009 11:05 AM

DIBS - it's 14' + a few inches wide. Every so often my wife and I fantasize about ditching our tenants and finding a 1 family situation - we looked at this one, and ultimately decided that it was too narrow.

By tybur6 on November 10, 2009 11:07 AM

It's big enough for me! Perfect even. If someone wants to buy it for me, I'll be very grateful.

By Butterfly on November 10, 2009 11:08 AM

now if that doesn't scream 1/2 million dollar estate, i dont know what does!

*rob*

By Ringo on November 10, 2009 11:11 AM

is 450 the upset price? because that's too high

By tybur6 on November 10, 2009 11:19 AM

Oh - did I mention I will contribute $500 to your gift to me? Seems fair, no?

By daveinbedstuy on November 10, 2009 11:22 AM

I also believe that "X" in the box put there by the fire dept means there are no floors.

By CarrollGardened on November 10, 2009 11:26 AM

What a great looking row of houses

By tybur6 on November 10, 2009 11:27 AM

So, it's loft-style living... awesome. I'm game. (Actually, imagine if you lived in a brownstone like this that had a "great room" that went up all 3 floors in the front -- that would be pretty awesome if you ask me!)

By Ringo on November 10, 2009 11:33 AM

I think the x in a box means the interior is at least partially collapsed or unsafe. Maybe no floors or maybe no stairs in btw floors or maybe a large hole in a floor. And I think the put that mark near the safest point of entry for a such a building. But I dont' know this for sure

By sender9999 on November 10, 2009 11:34 AM

landmarked?

By Santa on November 10, 2009 11:34 AM

you could build a floating staircase up to the bedroom.

By more4less on November 10, 2009 11:40 AM

broker gave me a professional F-off response when I suggested 300k

By tybur6 on November 10, 2009 11:41 AM

Here's the fire department marking symbols.

http://www.ushero.org/ushero/docs/es/nfpa/1006/NFPA1006_files/image037.jpg

By tybur6 on November 10, 2009 11:45 AM

Sorry... this one is better.

http://www.ushero.org/ushero/docs/es/nfpa/1670/nfpa1670_files/image004.jpg

(Though the only difference is the bottom line of the "example" -- don't know why it was cut off in the first one)

By infinitejester on November 10, 2009 11:56 AM

This is the kind of house the painter father moves his family into in Jonathan Lethem's novel The Fortress of Solitude

By bitter_bubble_buyer on November 10, 2009 12:04 PM

the owner next door should buy it and create a super wide brownstone. I think there is an arbitrage opp. here if any of you know what I am talking about?

By Pigeon on November 10, 2009 12:30 PM

The broker's website says:

"Requirement: Buyer must be prepared to
make immediate emergency repairs to back
wall and roof. Both DOB and LPC are
prepared to expedite permits for repairs."

Phew! Buyer beware!

By Frederick Law Homestead on November 10, 2009 12:39 PM

Tybur, those marks are all correct. In addition, it's common for the FDNY to spraypaint "RO" in a box with an X, which means "roof out". This place probably needs $500K in work, minimum.

By mopar on November 10, 2009 1:38 PM

Thanks for the symbol link. I've been in at least one, maybe several buildings with a square and one diagonal through it with real estate agents. Huh. Safe for real estate agents, but dangerous for rescue operators. How strange.

By tybur6 on November 10, 2009 2:09 PM


Oh - I didn't know the back wall would need immediate repair. Whoever buys this place for me, could you throw in and extra, say, $25k to help me out with the immediate needs.

Thanks!

By bxgrl on November 10, 2009 2:39 PM

tybur6- back off! It's mine (as soon as I can find someone to donate to MY fund). But if you're nice, I'll invite you to the first party I throw in my new kitchen.

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