Check Oout This One
I’m not sure if this link works. The NY Times listing says it’s in Bushwick but it may be East NY. Price only $299K. It looks like someone could have a fun little reno project here http://realestate.nytimes.com/sales/detail/2156-129014/brooklyn-ny-usa/SINGLE-FAMILY-type/100000-1000000-price/PRICE-HIGH-sort/450-p/2156-129014–2942-BL20292–2156-111021–2156-828011–2156-828032–2942-C21BL20158–3501-342215–25-NY595358–403-341312–2136-DP90124282-ls/567-t
I’m not sure if this link works. The NY Times listing says it’s in Bushwick but it may be East NY. Price only $299K. It looks like someone could have a fun little reno project here
http://realestate.nytimes.com/sales/detail/2156-129014/brooklyn-ny-usa/SINGLE-FAMILY-type/100000-1000000-price/PRICE-HIGH-sort/450-p/2156-129014–2942-BL20292–2156-111021–2156-828011–2156-828032–2942-C21BL20158–3501-342215–25-NY595358–403-341312–2136-DP90124282-ls/567-t
P.S. The one you link to is probably very old and on an old crossroads from when the area was open farmland.
Oh! Got it!
Different house. The one you posted is in the middle of nowhere. BushwickBK blog has been fantasizing about turning it into a “country store” and restaurant a la El Almacen in Williamsburg.
The one I saw this weekend was a real cute sweet tiny two-family with tons of built-ins and bad vibes. Vandals (?) had ripped out the plumbing, former tenants (?) had scrawled anti-landlord graffiti on the walls, there was feces in the basement, s**t smeared on the tub, etc. But it’s only $250,000 so would be really no problem at all to buy with very little down (3 percent FHA loan) and a construction loan and come in well below or at market with a completely renovated house. Location was good.
Real estate agent said the foreclosures are going fast.
I believe it. These prices are good. We’re not up for such a project, but the financials are very attractive. I haven’t done all the math but I think even with a $100,000 construction loan your carrying costs would probably be only about $1600 a month. That’s great.
Yes, Chicken. That one. Thanks.
this is very much in bushwick, tho it’s on the far southern side. bushwickbk.com posted on it:
http://bushwickbk.com/2009/02/18/bushwick-house-of-the-week-151-cooper/
mopar, try this link
http://snipurl.com/eutp0
Bessie, the link doesn’t print out in full on my monitor so I can’t use it. I am seeing a house in Bushwick today that is about that price. Wonder if it’s the same one.