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The four story brownstones in the North Slope that are in decent condition seem to sell for close to $2 million and as much as $500,000 more and then some if it has a high end renovation. If a place needed a gut renovation (or at least serious work) to make it livable but in the same area – how much “off” full price would it likely be?

There is a three story brownstone on Park between 5th and 6th for sale for $999,999 but it is cash only and sounds like it needs a total redo. Nice three stories are priced between $1.6mil and $2mil. Does the price for the one that needs major work seem typical or is it more because it is cash.

Any opinions on what a four story brownstone that needs heavy work might/should cost on these pricey blocks?

Any ideas on this appreciated.