hi everyone,
\n I might be the “lucky” person who gets to restore 859 Saint Marks Avenue.
\n I am having second thoughts, though.
\n Our offer was accepted, but the engineer’s report was about as bad as one could expect. The needed repairs greatly exceed the value of the house – by many hundreds of thousands. The Now Landmarked building needs a LOT of historical restoration. The side fa\u00c3\u00a7ade is also leaking like a sieve\u00e2\u20ac\u00a6 in need of pointing and brick replacement \u00e2\u20ac\u00a6which no one has ever mentioned before on any forums.
\nMy question is has anyone else gotten a report or inspection done on this house? Is there any advice to be given. I have the ability to pull out of this sale. I put language in the accepted offer which allows me this option if the repairs are over 750k. I have also discovered the title has some major problems as does the C of O (SRO??). The city swears it is, the realtor swears it isn’t. Who do I believe? It has tenant violations, which means if it is an SRO, I’m in for a very, very long (years) wait to begin any rehab.<\/p>\n
I’m afraid I may have bought a rather large paperweight.<\/p>\n
Any advice?<\/p>\n","protected":false},"excerpt":{"rendered":"
hi everyone, I might be the “lucky” person who gets to restore 859 Saint Marks Avenue. I am having second thoughts, though. Our offer was accepted, but the engineer’s report was about as bad as one could expect. The needed repairs greatly exceed the value of the house – by many hundreds of thousands. The…<\/p>\n","protected":false},"author":159474,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"schneps_byline":"","schneps_post_style":"","schneps_post_source":"","schneps_syndicated_read_more":"","schneps_post_source_sitename":"","schneps_syndicated_thumb_html":"","schneps_syndicated_thumb_src":"","schneps_post_source_shortname":"","schneps_post_source_url":"","schneps_post_source_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[],"districts":[],"class_list":["post-55518","post","type-post","status-publish","format-standard","hentry","category-restoration"],"acf":[],"parsely":{"version":"1.1.0","canonical_url":"https:\/\/brownstoner.com\/forum-archive\/2011\/04\/859-st-marks-av\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"859 St Marks Avenue","url":"http:\/\/www.brownstoner.com\/forum-archive\/2011\/04\/859-st-marks-av\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.brownstoner.com\/forum-archive\/2011\/04\/859-st-marks-av\/"},"thumbnailUrl":"","image":{"@type":"ImageObject","url":""},"articleSection":"Restoration","author":[{"@type":"Person","name":"hardwerkin"}],"creator":["hardwerkin"],"publisher":{"@type":"Organization","name":"Forum Archive","logo":""},"keywords":[],"dateCreated":"2011-04-25T16:01:31Z","datePublished":"2011-04-25T16:01:31Z","dateModified":"2011-04-25T16:33:39Z"},"rendered":"