Crown Heights Beaut to be Auctioned Off

The gorgeous house at 826 Prospect Place in Crown Heights is heading to auction next month, according to the Daily News, with bids starting at $500,000. As covered by Montrose in a writeup about the property a few weeks ago, the state purchased the building in 2008 with plans to turn it into a social service facility. Those plans didn’t come to fruition, says the Daily News, because landmark rules wouldn’t allow for the installation of fire escapes. The state, which paid $1.375 million for the building, unsuccessfully tried to auction it off this summer, with bids starting at $700,000. The house is said to need a lot of work.
Striking Fixer-Upper Goes on Auction Block at $500,000 [NY Daily News]
Building of the Day: 836 Prospect Place [Brownstoner] GMAP
Photo by PropertyShark