ganswatcher's Profile
- randy
- 1975
- Brooklyn
- Brooklyn Heights
- Condo
Author's Posts
October 7, 2009
526 Carlton Brownstone
This building was sold in 2005 for 1.4 million and now is on the mkt for 2.3 million! This is crazy! The entire country suffers real estate lows and this building goes up 80%! WTC! The 'renovation' was a group of totally unlicensed guys. No permits or inspections. The owner is the broker. More on her family history at: http://www.esotericfreedom.com/
Author's Comments
do not use CODE LLC!
Posted by: ganswatcher at October 7, 2009 3:44 PM in response to Change of Use to 3 Family
The renovation was completely under the table. unlicensed guys doing all plumbing electrical work. no permits, no inspections. mostly it is cosmetic, just painted old creaky stairs and patched walls. White stained floors that are more than a hundred years old. Tiny bathroom in the DR added without BD knowing. Location? That block has never sold anything near that price. If the inpsectors could open up those walls this place would cost 899,000.000.
Bought in 2006 for 1.3, it has been vacant since. The renovation is entirely superficial. Anyone who has loked at it carefully will see this. When the rest ofthe country lost 20-40% in value since 2006, this place goes up 80%? Something is very fishy here.
Not worth it based on locaction, size, and the shape it's in. Not worth it based on the comps. Not worth it based on A.Yards. Just not worth it!
The owner is also the broker. She is a rich lady. She owns a ranch in MOntana, a huge beach place in the hamptons, a condo on east 12th in Manhattan and a loft at newswalk. You can read where her wealth comes from here: http://www.esotericfreedom.com/
Posted by: ganswatcher at October 7, 2009 4:02 PM in response to House of the Day: 526 Carlton Avenue