Celebrity Investor Gears Up at 470 Washington Avenue
The listings have been pulled at his most recent project 433 Warren Street, but that’s not slowing down Real estate investor and author Boaz Gilad from jumping into another project, this one at 470 Washington Avenue. The removal of plywood from the top-floor windows tipped us off earlier this week that something might be up…
The listings have been pulled at his most recent project 433 Warren Street, but that’s not slowing down Real estate investor and author Boaz Gilad from jumping into another project, this one at 470 Washington Avenue. The removal of plywood from the top-floor windows tipped us off earlier this week that something might be up with the four-story brownstone. Formerly owned (and “x’d”) by HPD, the building was sold by the city to an individual in March 2005 for $750,000. This guy then transferred it to an LLC in February 2006. Boaz closed on the building for $1,010,000 in September of this year, pulling down a mortgage of $1,080,000 at the same time. (Bet that’s how he tells you to do it in his book!) The DOB paperwork is a little confusing on this one, but it looks like Boaz has reactivated some existing permits to convert the former SRO to a five-unit condo. It looks to us like there’s some extra FAR to play with if he can get it past Landmarks. GMAP P*Shark
I am trying to get for information on Boaz Gilad. Can anyway tell me where to look?
Gilad is a slumlord under investigation by the city- beware.
“The listings have been pulled at his most recent project 433 Warren Street,” — anyone know why? I’m actually pretty interested in checking them out (saw a post on Craigslist and I don’t mind the location one bit), but I can tell there is something fishy going on… Why’d the developer pull out? What stage is it in? Any response would be very much appreciated…
Never Park Slopes little sissy brother. The area had merits then and aside fron some of you a ‘holes’ on this blog it still does.
That rolldown gate is really “old Clinton Hill”.
It will be sad to see another piece of history disappear when somebody replaces it with a regular door.
Everybody has doors, Brooklyn Heights has doors, but Clinton Hill had gates. We had that whole Mad Max thing going on once upon a time. Then people with jobs who got actual paychecks started to move in and the place just went down the tubes. In the old days I didn’t know anybody who actually paid taxes. That’s when the area had personality. Now the area is Park Slope’s litle sissy brother. Gimme a break.
and how much should a brownstone will be worth after the celebrity will complete his renovation
How much should a brownstone be discounted for having a boarded up building next door or on the block? If the building next door isn’t being heated your expenses will go up. If they’re not maintaining the shared wall, your property could be damaged. Not to mention that it’s just plain ugly.
Corcoran overprices everything.
Why is everyone so down on mold.