921 Greene Avenue: Pregnant with Possibility
On our way to pick up a new Argington trundle bed for the eldest of the Brownstoner brood over the holidays, we passed this beautiful brick and brownstone house at the corner of Greene Avenue and Malcom X Boulevard in Bed Stuy. Instantly smitten, we headed back to headquarters to find out what the story…
On our way to pick up a new Argington trundle bed for the eldest of the Brownstoner brood over the holidays, we passed this beautiful brick and brownstone house at the corner of Greene Avenue and Malcom X Boulevard in Bed Stuy. Instantly smitten, we headed back to headquarters to find out what the story was. Turns out that it’s an example of what can be scored via foreclosure auction. After the former owner defaulted on a $423,011 loan, some opportunistic investor picked up the four-story house for $575,000. This looks like a great condo conversion to us. GMAP P*Shark DOB
Sorry, bad day. Don’t mean to take it out on you guys. Me and my mom got into another argument over who gets to use the good loofah. Just for fun, I’m going to try out some extra ellipses after my signoff.
The What
Someday this war is gonna end………..
You did well, Tdeezy. Btw, anyone who is considering the condo vs. house thing, you can’t look only at price PSF. With houses the work is NEVER done, never. You’re always putting money into a house. We own a house and love it and it was the right choice for us, but it’s too much time and money for many people.
correction, i shouldnt say high end, ther’s no sub zero in there, but good quality as in G&E, fisher&packal (sp?). Plus there’s zero maintenance/work to be done, low maintenance and zero taxes for 12 years thanks to 421a abatement.
I bought it a few months ago, but from my experience condo’s are never the same as a whole house for sq ft costs so i’m not sure that’s apples to oranges. plus we got all higher end finishes appliances, laundry in the apt and two bathrooms (its a two bedroom) so I think in all it was decent. Plus there’s a balcony and a communal roof deck. its smallish but they did a good job with the floorplan so every inch is usable space.
are you doing product placement now?
Tdeezy: you paid $400/sq ft? Sounds really high for the nabe. I bought a whole house in the area for less than $190/sq ft. 3 years ago. How long ago did you buy?
What do you mean? Not every condo conversion has to be for luxury buyers only. For a couple trying to get into the market why wouldn’t they buy a decently done condo here? I say $300K each would still give the converter a decent profit and a few people a chance to build some equity in an error that may not be pretty but its a 3 minute walk to the J train, 20 minutes into downtown Manhattan. Not many amenities but a decent vegetable market is around the corner along with a grocery story, huge clean laundrymat and everything else you really need.
I bought a condo conversion around the corner for $400/sq ft, neighborhood not so great, paying the same amount i was paying in rent into my pocket, priceless. Even as the market drops, I still look around and don’t see anything for around the price of what I got. Low price you trade some stuff in but its better then nothing in my opinion.
The What makes me want to stop reading Brownstoner.
It is not going to be a condo conversion….