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February 16, 2009
2 Family Shell In Crown Heights
We are considering selling a two family gutted shell in Crown Heights North. Building has been painstakingly gutted and all original details have been saved. It is a 1910 brick and limestone building. We are wondering if anybody has thoughts about the best way to find a buyer for this type of property. We had hoped to restore this property but our capital seems a long time off...our loss! Thanks!
Comments
I may be interested. Email me roger5roger5@yahoo.com
Posted by: MrHancock at February 17, 2009 9:50 AM
what is the location and the price?
Posted by: eman1234 at February 17, 2009 10:00 AM
Similarly interested. Please PM me with address and the price. Thanks.
Posted by: bricktop at February 17, 2009 10:32 AM
As far as I know a buyer cant get a mortgage for this as it is not in move in condition.
Posted by: nybk01 at February 17, 2009 10:58 AM
"...the best way to find a buyer for this type of property."
Put it on the market.
***Bid half off peak comps***
Posted by: Brownstones Half Off at February 17, 2009 5:28 PM
Thats it. Put it on the market at a realistic price since buyers will have to have cash only. Basically they are buying the lot with an unimproved improvement on it. That's how banks look at uninhabitable shells now - basically valueless and depending on the condition possibly a liability. The end is over for the days when people could get loans for these types of properties. Maybe a developer with a full pocketbook is looking (doubtful) but who knows.
Posted by: williamsburgguy at February 19, 2009 6:44 PM
basically 500,000 for the lot..and then whatever the facade is worth
Posted by: eman1234 at February 19, 2009 8:53 PM
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