Impossible to Find a 4 Story Home in CG, CH?
My husband and I are looking for a triplex over a rental (for my elderly mother) in the Carroll Gardens, Cobble Hill, Boerum Hill area. We’ve been living in the area for many years and would ideally like to stay here with our family. My question is – is it possible to find a 4…
My husband and I are looking for a triplex over a rental (for my elderly mother) in the Carroll Gardens, Cobble Hill, Boerum Hill area. We’ve been living in the area for many years and would ideally like to stay here with our family. My question is – is it possible to find a 4 story home that is no smaller than 18 x 42 and that does not need a major or gut renovation for no more than $2.3? By my calculation this size house would have to be priced at no more than 750$/sq. ft. All the homes we’ve seen are either in terrible shape, have been assaulted by having anything “brownstonish” removed and are still quite expensive. Does the market pick up during this time of year or are we just wasting our time hoping to find a house with original details, on a nice block, that is in need of some updating at this price? Any input would be greatly appreciated.
In a word, not really, which is a shame because $2.3 million is a lot of dough. I know that house on Pacific came back on the market at 2.3M a couple of weeks ago, but I think that as of last year, the reno that had been done was meh, and it was unfinished — but i think it is a single family (and only 17 x 45).
Houses generally around here are few and far between, but maybe you should look at dumps (or 3 story) houses with a contractor and figure out if you can transform a dumpy house to something liveable at a reasonable price. There have been some buildings in Boerum Hill out there well under $2 that could be fixed very nicely for under $4-500K in renovations/FAR expansion costs, and I feel the same is true in parts of Carroll Gardens (there’s a nice looking house on 2nd Street that just came on the market with Corcoran for $1.6 something — it’s only 3 stories but I think there is FAR available to add a story).
(Cobble Hill seems unlikely — there is so little inventory.)