House of the Day: 234 Baltic Street
At first blush, the asking price of $1,650,000 seemed too good to be true for the four-story brick house at 234 Baltic Street. Turns out, it was. The house, which just got a nice exterior tune-up, has a rent control tenant in the owner’s duplex. Doh! So how does this look as a pure investment…
At first blush, the asking price of $1,650,000 seemed too good to be true for the four-story brick house at 234 Baltic Street. Turns out, it was. The house, which just got a nice exterior tune-up, has a rent control tenant in the owner’s duplex. Doh! So how does this look as a pure investment property? Well, the rent roll is $61,200. Figure $15,000 for taxes, insurance and maintenance and you’re left with $46,200. Let’s say you put down $350,000 to buy the place. Your $1,300,000 mortgage will run you a good $100,000 a year. Hmmm. Looks like you’ll be subsidizing your tenants to the tune of about $50,000 a year. Update: At the risk of being completely morbid, a tipster just emailed us to report that the rent control tenant is indeed an elderly man. About 80, she’s guessing.
234 Baltic Street [Smith Hanten] GMAP P*Shark
yes may they all live to be 105 and goto hell..
May that man live to be 105. Can you step away from real estate transactions for one moment to listen to yourself?
brownstoner your acting like the brokers were try to pull one over on buyers.
some facts you should know: Buildings on this block are selling from 2.3m too 2.9m recently, plus it has a good school district.
so say the building is worth 2.3m with out the rent controlled tenant now, some day in the future
you will get a nice wind fall if you buy it for 1.65m. it’s very possible that the value of this building over the next 10 years
could appriate at a nice rate, and the tenant gone. that is called an investment which some of you twits would not know about, plus family homes are getting harder to find?
I think some of you are jealous that you did not buy this building. the person who bought this building three years ago took a chance, must of thought it was a good investment, so why can’t someone do the same? A building is worth what somebody wants to pay for it,
not what you think it should sell for? Rent controlled or no rent controlled tenant.
Rent control should be abolished it was introduced at the end of the second W.W.II for returning soldiers which was right to do so, but most rent controlled tenants these days do not deserve to being living for a pittance of the market rent. The city should step up to the plate and subsidies the owners of these buildings the difference to market rent who have rent controlled tenants and not expect owners to absorb these losses. most rent controlled tenants live like pigs and abuse there apartments which is not fair to other tenants and landlords. some rent controlled tenants have second homes. I once stayed at a hotel that had a rent controlled tenant living there, there was no smoking in the building
but this rent controlled tenant was smoking a pipe with a look on his face like fuck you? Rent controlled tenants think they’ve earned the right to get cheap rent, they’ve earned nothing, if they had earned it they would be sitting on a nice pension now, but instead are living off other peoples hard work? Lazy bastards.
The house is co-listed with Brown Harris Stevens. There are some additional pics on their site.
Maybe the Real Estate broker should make some charts on the health of the 80 year old tenant to hand out, along with the floor plan of the building and projected mortgage rates?
Wrong post, wrong place..im sure..
OK that said…really there are bad cops? really? there is abuse in the system..no? really? There are young youths of every variety causing issues and thus ending up in restraints..no? really?
What I hate and I must say again hate..is this grouping together of all individuals because of a few individuals actions..In other words..a few “supposedly” bad apples get carried away on a “supposedly” guilty individual who happens to be black, so now all cops are the bad guys. And yes this is the implication of your diatribe as you state “I represent victims of police brutality†as a lawyer. This implication on your part that this not only happens all the time, but is so rampant that you can implicate most police officers or their actions in some way or another and state so simply (“when there’s no one around, I wonder what happens”).
I wonder why this all sounds so familiar, perhaps its because this is the same argument used to incriminate all black people, all poor people, all homeless people, all gays, all those who have at some point been grouped together because of the individual actions others. This stereotyping is what you are guilty of, thereby making you no better than the enemies you so claim are foerever guilty.
“Well I wonder what happens when there’s no one around†and that cop has to defend him/herself against the elements that be? I wonder in your story why there is no mention of what the 18 y/o was doing beforehand. If you did not see his actions then surely you cannot speak as to what happened before you started “watching”..Most lawyers would know not to even attempt any level of involvement during a police action..or guess what happens? You get arrested(its not a black, white, gender thing..its a safety thing)…Why because your interfering? Because you to are a threat no matter what you drive, who you are , how your dressed or why you think you should get involved…you see something like this, you follow the police van or get the license plate or a badge number or precinct number and make things happen. You’re a lawyer right?..if possible following the van to the station and demanding to see someone in charge is the way to go..not by getting involved in something you have no clue about..In fact if that 18y/o had just assaulted someone, shot someone, hit one of the cops, resisted, raped someone, murdered someone you wouldn’t have a clue. Perhaps he had a weapon? You were not only endangering yourselves you were endangering the other bystanders, the cops(who now had to deal with you)..How were they to know your intentions? Good or Bad?..You think because you know you’re a good person they know? C’mon, there are better ways to deal with this situation..
You make no mention at all the description of this 18 y/o was he 200 pounds, 100 pounds, built like a wrestler? Were his friends being chased around the corner, down the block as you looked on. How big were the cops? Was he fighting back at all?..Was there a brutally beaten old lady lying in an alley down the block? Well? These type of missing descriptive aspects are often left out of these type of stories to gain sympathy for the “victim” and hatred for the ever-evil cops. Details so heavy on one side can only lead to biased argument. Your attempt at sympathy for the ‘victim†in my mind failed; perhaps you should tell your stories to a more biased crowd, although I cannot account for the future posts to your story and the sides that will be taken on this site about all things Real Estate related.
I say to you, stop writing stories on a real estate websites and make some phone calls, Sharpton I’m sure would love to hear this story and get some action going; so would the NAACP and local civil rights groups and for that matter the police review board. There are things you can do but getting in the way of police actions(no matter what you think at the time) is not the way to ago about it..
It always makes me wonder hearing stories like this..where are the stories of the cops that are killed. Where’s that same level of contention when you hear a young officer is killed protecting your streets; When a black, Hispanic or Asian officer dies by the hand of a black, Asian or Hispanic punk. I don’t here anyone screaming of change then. No it’s pretty silent out there. No, lawyers such as your-self, take greater pleasure in demonizing the system to a fault all the while ignoring those “young men†that have no problem taking the life of a cop of any color without thought. Where are those rants, screaming for pics/video from the very crowds that watch cops fight with gangs and thugs twice there size. Where are those witnesses to those scenes of death and atrocity? Will you so simply defend your defendant in court while the young mother, wife, parent and love ones of said slain officer looks on?
A police officer just lost his life to the likes of those who you would surely defend if even a single bruise was to be left on those alleged perpetrators..no consideration or apologies for what they have done. No, instead you defend them with excuses like†my client did not mean to kill the officer or was not directly involved. No your honor, my client was in fact just along for the ride in the stolen vehicle with the illegal semi-auto guns that were to be used to rob and whatever else innocent pedestrians going about there business. This is the excuse or better perhaps appropriately titled alibi for your clients “innocenceâ€. Yes protect them to the fullest.
This mentality of there(the cops) are wrong because your seeing part of a story(the cops fighting with the 18 y/o) is nothing more than your own prejudices kicking in. You’re not saying oh I wonder what he did? You’re saying Oh why are they doing that? If he had just assaulted a family member of yours I wonder what you would have thought instead. Sure no one deserves to be beaten or abused by anyone no matter what your position. But going half cocked under your assumed ideals is a sure way of getting involved in the wrong way. Just remember the next time your home all alone and you hear that noise downstairs, I don’t think your going to go check it out first(without calling 911), just to make sure its you know, not some wayward youth who’s lost his way or better perhaps found his way. No, No, instead regale him with your stories of triumph against the system of all corrupt cops and perhaps he will thank you for all you’ve done for those like him, drink his milk and be on his way.
“I Don’t Know That the Police Look at Us as Human”
Apartheid Americana
By SUSIE DAY
Two of my friends were just beaten and arrested by Brooklyn police. My friends, Michael Tarif Warren and Evelyn Warren, are African-American attorneys whose work consists, in part, of defending victims of police violence. I want to tell you about how police punched and humiliated these good people on the corner of Vanderbilt and Atlantic, in their own, predominantly Black neighborhood on June 21st; about Tarif’s clothes being torn almost off–I don’t want you to miss a thing. But many facts must wait until the Warrens’ trial. Here, excerpted from a legal brief, is how Tarif describes what happened:
“At approximately 5:45pm, petitioner and his wife were in their vehicle, stuck in traffic, when they saw members of the New York Police Department apprehend a young man, handcuff him, and physically abuse him while he was prone on the ground. Petitioner and his spouse exited their vehicle to inquire why police were engaging in that behavior, but immediately returned when ordered, without getting near the police or the young man. Sergeant Steven Talvy, however, approached the petitioner and his spouse and, after they identified themselves as attorneys, proceeded to strike petitioner numerous times in the head and face and strike petitioner’s wife in the face.”
Sergeant Talvy handcuffed Tarif and pushed him into the police van. Evelyn, though “stunned,” remembered her legal training and walked toward the mostly African-American crowd of onlookers:
“I said, ‘Did you see what was happening?’ Naturally, they did. All these people had poured out of a nearby McDonalds, plus it’s rush hour and traffic was deadlocked. I say, ‘Did anybody take photographs?’ They said, ‘Look at your jaw.’
“I didn’t know it, but my jaw was swelling up. So I said, ‘Take a picture of my jaw,’ you know?”
I saw Evelyn three days later; her jaw was still swollen. It could have been worse: Seeing that Evelyn was trying to retrieve her confiscated driver’s license, Sergeant Talvy ordered police to throw her to the ground, but the onlookers’ shouts stopped them. Evelyn and Tarif were taken to Brooklyn’s 77th Precinct.
“We were lined up against the wall with other prisoners. Tarif’s clothes were ripped and falling off him. I will never forget, there was this blond officer in Talvy’s unit–they were laughing together–and the guy said, ‘What’s this, a strip show?’
“You have to remember that Tarif and I were involved because the police were kicking this young man viciously. He was Black; probably around 18. His face was a bloody mess. Obviously, Talvy thought he could get away with it because he said, ‘Well, it’s your word against mine. Let’s see what happens.'”
What happened was that Tarif was charged with Obstructing Governmental Administration, Disorderly Conduct, and Resisting Arrest; Evelyn, with Disorderly Conduct. Reactions poured from the Black press and community; there was almost no coverage from mainstream media; and a resounding silence still emanates from the New York Times.
Three weeks later, I visit Evelyn at home. She tells me how she’s fighting to put her life back together:
“I grew up before segregation ended. My father was a contractor, a small-business person. He used to go to Mississippi to work. And every time he would leave for Mississippi, my mother would cry. So I recognize racism.
“I guess I was raised to be the best I could be in whatever I chose to do–by being the best, I could overcome certain conditions. I was foolish enough to believe that. I still know my value, but this incident tells me that they don’t know my value–whether you’re a kid wearing baggy pants, or a lawyer wearing a suit and driving an upscale vehicle–it doesn’t matter to them.
“I should have been more aware of this. Tarif and I represent police brutality victims. I’ve heard accounts and seen the evidence, but to experience it firsthand–it’s earth-shattering. So I have a new appreciation for what people go through. While you live in a world that’s in turmoil, you still have a little corner where you feel safe and secure. I no longer have that. Before this, I was concerned about what was going on in Iraq, Africa, Venezuela. Now, I’m concerned about what goes on within ten blocks of where I live.
“Black people are hit harder by police than any other community–I know that. Tarif and I went to a meeting last Saturday where, in the projects, Black people are accosted coming out their door. Police say, ‘Let me see some identification.’ Now, if you’re coming out the door, you must have had some right to be there. Unless you’re seen carrying a TV or stereo system, why should you show ID?”
I ask Evelyn what she wants white people to know.
“I want them to know that what I’m telling is the truth. That any people of good moral standards should be concerned about law enforcement that’s out of control. At minimum, they should ask questions of Police Commissioner Kelly and of Mayor Bloomberg: ‘What’s going on, here? This is unacceptable.’ If those officers knew they could face charges just like any civilian, they’d think twice.”
Then Evelyn says something that stops me cold:
“I don’t know that the police look at us as human. I don’t know that they would hear us if we spoke to them.”
And I realize that, like many white people, I have lived for years with the genteel, self-protective assumption that, if I believed hard enough that Black and White people are equal, then the world must be OK. I realize it’s never been OK–that my friends are in danger–that our lives remain deeply divided.
“Tarif keeps saying this happened for a reason, that the Creator is on a mission here. But my overriding emotion, aside from sadness and feeling powerless, is anger. I’m determined to change things. Because, if that officer can do what he did to us, in broad daylight, with 50 to 100 people watching–what happens when nobody’s around?”
RC is absurd…
Oh my most humble apologies for not having made a billion dollars in 1950 and now that I have been paying my rent in the same place for 50 years and living my effing life..you schmucks come along with your fancy smartass commentaries and tell me that I’m in your way..excuse fricking me for living past 60, collecting social security, my little pension(from 50 years in a brick factory) and climbing those same 43 stairs with my bad hip from that bullet I took in WWI and most of all for F’ing living..MY BADDD!
I’ll go live in a tenament if that works for you..Oh wait! you took those over flipped em and now there all swanky lofts…so I should live where?..Wyoming perhaps..
Wait till you get old and some young half assed virgin over educated daddy milked robot-type 115pd 6′ skinny cropped hair corduroy wearing sketchers like bit’h comes along and moves your ass out of your once fancy brownstone 40 years from now, cause your stocks fell, your portfolio got recycled, you lost your artsy fartsy gig at the once trendy SOHO fartsy fenggggg-shuieiei depot, your miserable flighty wife took you for half, or better yet your greasy drugged out kid sold it from under you or best yet, the neighborhood goes to crap after 2 or 3 years of Ratner like Stadium loving…Maybe youll get lucky and your pissy cock-eyed kid will knock up one Ratners daughters and you’ll be almost entitled to a half-a-crap cause your kid can throw a good bone..if your really lucky your property values will triple due to manhattan being anniiihilated..I see you smiling you sick sh’t…
I personally can’t wait to be reincarnated as a mutt and take dumps on you when your sleeping in the streets..assuming those havent been sold off to the all too familiar new yuppy fck’s of 2047…Jerks!
Have some respect for those people that gave you the ability to make that kinda money to buy a place like this in a country that for many years could have went to sh’t if not for people like that 80yr old your desperately trying to weasel out of HIS (probably) damn earned apt.
Unless he’s just some welfare, Housing, Section 8 leftover b’tch then light him up, push him out the first floor window on to the fence, call the decorator and say your wife did it..she’s leaving anyway stupid a’s!..get movin you skinny b’tch!
That’s right, JB. Much better to continue to put up with aggravation than buy your tenant out. You’re probably giving each other a reason to live.
And Anonymous 8:58. I was in NY in 70s and 80s. Geez, let me think…I started a nice capitalistic business then, as did quite a few other people. Excluding you, I guess. And, if I recall correctly, wasn’t ‘Wall Street’ made in the 80s?