Forum
« leak mess Guardian Angel Window Guards »
June 9, 2009
Browstone Condos
Do people prefer a condo in a browstone with 6 units or less or a big condo development. Friend of mine is turning some brownstones on lefferts pl into condos and going to ask very cheap prices, but not sure if thats a great idea, but figure if the price is cheap enough people will buy.
Comments
If done well, they can sell at quite a good price. It depends on a number of factors though. Not something to do if you don't have any experience in how to do it. If you put six units in one brownstoner, some would be tiny studios. Not sure I would do that. I think there is a dearth of family sized apartments (i.e. true three bedrooms). A couple of real duplexes, one with a backyard and the other with a roofdeck) if done well would likely garner interest in my opinion.
Posted by: 1842 at June 9, 2009 5:42 PM
I like Lefferts Place, but it can be a little dicey. Not sure that condo buyers will bite there when they will have so many choices in more solid neighborhoods.
Posted by: Putnamdenizen at June 9, 2009 7:17 PM
"cheap enough" sounds like a bad idea...it sounds like the worst of low end developer spec crap...your friend will end up running a homeless shelter in the place to recoup his investment..,it is happening in queens at this very moment
Posted by: eman1234 at June 9, 2009 7:23 PM
Nice one eman: well said. Brownstone condos are a good alternative to those that want rowhouse living without carrying a 1 million plus mortgage. At the height of the market - they, like everything else were usually overpriced. Plus the configuration, unless it was a gut job wasn't always equitable. Lefferts Place especially bet. St James and Classon Ave. is rather pleasant.
Posted by: Crownlfc at June 10, 2009 12:12 AM
Obviously there are people living in brownstone condos, so there is a market. Having said that, I think the majority of buyers prefer larger buildings. In a brownstone condo most likely you will be self-managing, shoveling your own snow and taking out your garbage. More work for the residents. Not for everyone.
Posted by: denton at June 10, 2009 6:28 AM
Hey 1842-- I would like to reach you about your beautiful garden (saw it here) for a book I'm working on. Could you email me at inula99@yahoo.com so that I could tell you more?
Thanks
Stephen
Posted by: garden99 at June 10, 2009 11:19 AM
I for one much prefer brownstone condos than the big conversions.
Posted by: bkoriginal at June 10, 2009 2:29 PM
garden99 - I have not posted pics of my garden here, so maybe it was someone else?
Posted by: 1842 at June 10, 2009 6:24 PM
I beleive he is going to list them at 279k, i think tha is a pretty fair price
Posted by: 2009 at June 11, 2009 12:49 PM
Post a comment
Please be patient while your comment is published. It may take a moment.