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January 30, 2009
257 Hoyt Street - 600k+?
http://www.corcoran.com/property/listing.aspx?ListingID=1492571&Region=NYC
Why is this house so cheap?
Comments
It has major termite damage which was discovered only when the (new) owner started demo work. floors are sagging and the place is basically a tear down.
Posted by: MrHancock at January 30, 2009 5:40 PM
And its across the street for the PJs.
Posted by: slick at January 30, 2009 5:54 PM
Did the new owner have it inspected before purchase? Were the floors sagging then?
Posted by: mopar at January 30, 2009 7:10 PM
This house is NOT across from the projects. Why on earth do people post such demonstrably false and stupid nonsense? It is, however, half a block down from Gowanus Houses, on a not-so-nice bit of Hoyt Street. I can't speak about the termites, but since the seller wants to unload the place in 30 days, it looks like there's some room for bargaining. Good luck.
Posted by: Brooklyn Chicken at January 30, 2009 7:17 PM
The Gowanus Houses ARE the projects--it's an NYCHA housing complex. This house is about 40 feet from the projects. What exactly are you so upset about BrooklynChicken?
http://www.nyc.gov/html/nycha/html/developments/bklyngowanus.shtml
Seller paid $830K in 2006.
Posted by: nyc87 at January 30, 2009 8:31 PM
Did anyone else notice the map in the listing puts the house somewhere in the ocean off the coast of Africa! It also claims this is a "1980" price. I looked at nicer houses on Hoyt for under $600,000 about 8 years ago. In 1980, a house like this probably cost under $50,000.
Posted by: CGfan at January 30, 2009 10:17 PM
My bad....its not across the street. It's down the street.
Posted by: slick at January 31, 2009 3:16 AM
How many families? I tried to open the site and it will not let me. If Cocorean is selling it at a lose for the owner then things must really be getting nasty. Well it was nice till it lasted.
Posted by: hannible at February 1, 2009 1:05 AM
CGFan don't worry housing prices will go below 1980 prices just don't tell the homeowners that are trying to flip their multimillion dollar homes that.
Posted by: hannible at February 1, 2009 1:08 AM
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