I am looking at buying a 2 family, 3 story gut reno wood frame over brick home in prime Northside. Building is 22 wide by 30 deep. I could add another floor according to the FAR. It needs everything and I am curious to get opinions on what I should be aiming to pay in this market. I understand it’s hard without showing pictures but just looking to get some very ballpark opinions. Thanks!


Comments

  1. Just closed today on 2 family 3floors, garage Northside Williamsburg. Does not need a gut renovation but needs a hell of a lot of work. $1.1. I bargained, I pleaded I got the asking price down but I will always feel I overpaid. I feel like you are really paying for the land over here, more than the crappy fedder house you end up with. Love my location and garage, that’s about it so far.

  2. Who knows. Everything I have seen listed in Williamsburg is at least $1 million for a two family. And there barely seems to be anything available. But I’m not actively looking in that area and have never bid. Check PropertyShark or other services for recent closing prices.