306 clinton ave court case
So historicbrooklyn updated their article about 306 clinton ave going to court in that emergency sale to create a needs trust. Remember the brownstoner article of last week? Seems like someone rather brave offered 1.5m, half financed, and wrote a 150k check – which they’ll lose if they can’t get the bank on board -…
So historicbrooklyn updated their article about 306 clinton ave going to court in that emergency sale to create a needs trust. Remember the brownstoner article of last week?
Seems like someone rather brave offered 1.5m, half financed, and wrote a 150k check – which they’ll lose if they can’t get the bank on board – trumping the developers who clearly would condoize to use max FAR (they came in around the 1.2m point)
What do you think. I saw the house, it was a smelly wreck with flooding in the basement and most of the vaunted detail was only on the parlour floor. Are pocket doors and pier mirrors really worth that much? hmm. Even done perfectly I can’t see the entire place going for more than 2m, but maybe this market is insane!
A good long term deal in my opinion, especially if made into a two family with garden rental. These places on that street will appreciate nicely over the next 10 years or more. There are houses listed over two million on this block now, and they are not fully refurbished.