I'm not defending the price, but. . .
To those who say the price should be no more than twice what a brownstone half the width goes for.
That's probably not true.
The three or four supersized condos you could carve out of this place could probably be worth much more than twice what three or four shoebox-sized places you could get out of a 17 foot wide place.

Posted by: ontheparkway at July 10, 2008 3:03 PM in response to House of the Day: 28 2nd Place

Definitely use a broker. . . they get paid if you get a loan, by the bank, not you.
That said, it sounds like you are kind of in over your head anyway, especially in this market.
There's a reason why you should have a hefty downpayment for a project like this.
A lot that can go wrong and the bank doesn't want to be holding the bag when you screw it up or . . . it takes longer than you think to get any cash flow.

Posted by: ontheparkway at July 15, 2008 4:02 PM in response to Financing? How do you do it?

Wasder, you are insane. Do you ever take the train on the weekend or at night?
Plan on it taking an hour, plus. The G train is a nightmare.
Just because the F train also stinks doesn't make your lousy train any better.

Posted by: ontheparkway at July 15, 2008 4:16 PM in response to House of the Day: 219 Washington Avenue

Not to start a subway war, but every other train except the G actually goes to Manhattan.
It is definitely a good reason not to move to a nabe -- and I love Clinton Hill.

Posted by: ontheparkway at July 15, 2008 6:46 PM in response to House of the Day: 219 Washington Avenue

Duplex is rent stabilized at $1700. . .a month.
That is a big deal breaker. . .if they can deliver that apartment empty it's another story.

Posted by: ontheparkway at July 17, 2008 2:23 PM in response to House of the Day: 228 Washington Avenue

no one thinks these prices are ridiculously high, beautiful or no?

Posted by: ontheparkway at July 24, 2008 1:59 PM in response to Condos of the Day: Cumberland Greene

you guys are feeling the vapors a bit today. It's nice. not $2-1/2M nice

Posted by: ontheparkway at July 24, 2008 2:10 PM in response to House of the Day: 210 Prospect Place

Especially in this economic environment, the logic behind the banks' position is this -- if you don't have enough money to buy a shell outright, you are not a great bet to deal with the likely million dollars and up to make it habitable.
No offence to you, but most folks would agree with them.

Posted by: ontheparkway at July 24, 2008 3:36 PM in response to Brownstone Shell question

and you can watch the labor day parade from your living room

Posted by: ontheparkway at July 28, 2008 1:58 PM in response to Condo of the Day: 255 Eastern Parkway, #C16

overrated, bigtime

• Food:
• Service:
• Ambience:
• Value:

Posted by: ontheparkway at July 28, 2008 2:00 PM in response to Restaurant of the Day: Franny's