435 Waverly Avenue: An Updated Photo
Here’s a more current photo of 435 Waverly Avenue, the house that the Pratt Area Community Council is in the process of fixing up to give away sell for $600,000 later this Spring. (There were three people gawking at it when we went by on Sunday.) The photo we ran with the story on Friday…
Here’s a more current photo of 435 Waverly Avenue, the house that the Pratt Area Community Council is in the process of fixing up to give away sell for $600,000 later this Spring. (There were three people gawking at it when we went by on Sunday.) The photo we ran with the story on Friday was a little old and caused some confusion among readers (despite what we thought was a fairly explanation…). Comparing the two photos, it looks like the group is doing a great job on the exterior so far.
Steal This House! PACC Home Raffle Open No [Brownstoner]
Affordable Homes for Sale [PACC]
If you look at the above map, the grid in the area, the short side of the blocks run toward the subways…so it depends on the what you call a block (I would say the long way makes it 3), but for the most part, even if you live on Myrtle you can walk up to the G very quickly. And if you live between Fulton and Lafayette on Classon, it is an even shorter stroll to either subway. Come to the area and check it out.
“The entire Pratt area is no more than three blocks from any subway”
So not true. Take a look at the subway access for one of those house:
http://maps.yahoo.com/index.php#tp=1&tt=%5BMass+Transit%5D&bfkey=mt&q1=+223A+Monroe+Street%2C+brooklyn%2C+ny&mvt=m&trf=0&lon=-73.94979&lat=40.685715&mag=4
we did a walking tour of 6 of the houses yesterday- the houses on classon are all great, with the exception of 520, which is right across the street from the pleasant stay motel…all of the lefferts hotel “business” seems to have moved there and it seems pretty active, as i have waited for the bus on that corner many times. also, there’s a fedders nightmare right next to it with exposed electric meters next to the front door. skillman was a little rough too, that block isn’t the prettiest, but its a convenient location.
I think the three or two family houses are a better financial deal than 435 waverly since they have a lower price, less downpayment, and are two or three family.
While the 600K is definately doable at any level, I sure that the other ones, as two familys would give the buyer more wiggle room down the line…
ps. also the pratt area is awesome for many reasons.
i don’t find the G train very bad at all. it always comes and it’s very regular, especially at rush hours. my only wish is that it hooked into atlantic terminal. otherwise i’m fine with it. also, sometimes i take it up to court square and transfer to the E/V which is great for getting to midtown.
On Friday people discussed if it was financially feasible for someone to buy this house for $600k if they make the maximum allowed income ($160k/year). Some people thought this income was not enough to afford the house, even at this low subsidized price.
Now what about some of the other houses? For example, 443 Classon, a three family house for $653k, and the maximum income of the buyer must be $117k. Does that make sense? What would the rent income be?
The entire Pratt area is no more than three blocks from any subway, be it the G, or the A/C. It is very accesible if you live North of Fulton. You can take whichever train comes first at Hoyt. You can’t be against walking if you live in NYC. It has more access than most of Park Slope…unless you live near 4th avenue.
anon 12:13 – That’s true for the other PACC houses, but not for this one. 435 Waverly is 5 minute walk to C train (Clinton-Washington stop).