423 Clinton Sells for Half Price
When 423 Clinton Avenue was a House of the Day last October, we called its asking price of $1,800,000 a “bit of a stretch.” It’s now looking like the price was more than a bit of a stretch: The four-story brownstone closed for just $990,000 on March 25, 2009. That’s quite a discount, but not…
When 423 Clinton Avenue was a House of the Day last October, we called its asking price of $1,800,000 a “bit of a stretch.” It’s now looking like the price was more than a bit of a stretch: The four-story brownstone closed for just $990,000 on March 25, 2009. That’s quite a discount, but not a great surprise given that the house was in need of quite a bit of work. Still, the original details could make it quite a catch for an intrepid restorer at this price. GMAP
From that NYMag article: “45 percent of the people under 35 said they’d like to live in New York.” Very nice 99 percent of men under 35 said they would like to date a playboy bunny! The other one percent is hunting for Easter eggs. Remember ypu can want in one hand and sh… in the other and never know which one fills up first.
From that NYMag article: “45 percent of the people under 35 said they’d like to live in New York.”
That’s sweet and cute and all, but what tiny fraction of a percentage point of those people will actually make the move?
Not just in Clinton Hill/Fort Greene brick. Owners of two family houses all over Brooklyn depend on rent for help with their mortgage. With rents falling, according to what one reads in the paper, this is definitely a cause for concern for many of us. I personally tried to price mine at a reasonable level in hopes of attracting a tenant that I like and one that will stick around for the long haul. We shall see when its time to re-up I suppose.
I am surprised people pay that much for this area to rent. I wonder how many leveraged owners in this hood depend on that to make the monthly mortgage. I wish I could short Clinton Hill and Fort Greene
Hey everybody, drinks are on Biff!
He was going to bid $1.5m for it so we’ve saved him $500k in 6 months!
What’s all bent out of shape because he didn’t get invited to the White House Easter Egg Hunt.
“They bought as an LLC because its a commercial property (c of o 7 fam) 99% of commercial properties are purchased in LLC. Some banks require that your purchase commercial properties as an LLC and will not lend to an individual.”
LIES!!!!!!
“Askign prices have no basis.”
Really?????????? I love how the retards keep moving the goalposts!
“t’s still overpriced and makes more sense at 700k-750k plus 400k in work and you have a nice 1.2-1.3 value depending on the renovations.”
Fail! Hey Adam are you giving Blow jobs to prospective clients?
The What (Don’t listen to Team Retard)
Someday this war is gonna end…
$265 sq/ft for a property on Clinton Ave, in Landmarked CH is a good price.
$100 sq/ft in improvements puts total cost @ $365 sq/ft or $1.4 million.
Let’s say the LLC is in fact two friends who’s ultimate intention is to split the property in 2 duplexes and occupy them.
Where else in CH/FG can you acquire a finished duplex for under $375 sq/ft?
What, I get 1700 for my one bedroom rental and had a line of people waiting to rent because it was such a good deal, and my house is not nearly in as nice a location as this one.