Flipper of Clinton Hill Wood Frame Is Quietly Swinging for the Fences
The wood frame house at 162 Hall Street is on the market for $2,550,000. The owner has completely redone the exterior, shedding the siding for wood clapboard, replacing the windows, doors and recreating many of the historic details that had been lost. And the interior has been gutted and redone in a way that at…
The wood frame house at 162 Hall Street is on the market for $2,550,000. The owner has completely redone the exterior, shedding the siding for wood clapboard, replacing the windows, doors and recreating many of the historic details that had been lost. And the interior has been gutted and redone in a way that at least pays some respect to the building’s age. If he gets his price, or even half his price, this is a remarkable windfall for the flipper. According to PropertyShark, the home was purchased in 2012 for $250,000. Its unclear how the current owner got it for such a song. It was bought in 2007 for $798,000 but by 2009 it had fallen into Lis Pendens. However the new owner scooped it up, the developer, Myrtle 162 Hall Inc., has invested considerably in the building. You can see the state of total disrepair it was in on this old listing. Seems like the investor is doing right by himself, the building and the neighbors on the block. What do you think?
Full Makeover for Wood Frame House at 162 Hall Street [Brownstoner] GMAP P*Shark
You can see the full brochure here as well as a 2007 photo of the facade after the jump.
“Swinging for the Fences”
More like Batting a thousand.
Wait…..Did I use that phrase correctly?
Dear Future Owner of this (IMO) crapply renovated Overpriced House,
Open Violation
Job not signed off
Stop work Order
http://a810-bisweb.nyc.gov/bisweb/PropertyProfileOverviewServlet?requestid=3&bin=3054869
You’re welcome.
Forget the quality of the reno; my understanding (someone correct me if I’m wrong) is that the loadin entrance for the replacement supermarket will remain directly across the (narrow) street from this house. And despite all the regs in the world, those trucks (freezer and non) never stop idling over there. From the seller’s perspective, this is the ideal time to unload this place…in hopes that prospective purchasers don’t do enough research to realize what will be going back in across the street. $2.5M+ for the privilege of sucking fumes at home nonstop during regular business hours seems a little steep to me. Anyone with asthma wouldn’t survive this place for long.
never mind, I see it.
where do you see an addition?
yeah, you’re right, Toto is an appliance.
Why should someone buying a 2.5 million dollar newly renovated house have to drop more money (and time) to bring it up to the level of what a 2.5 million dollar house should be?
Moonface, you’re not in Kansas anymore. This may be acceptable as great design there, but in NYC we expect Toto and Subzero
Go to streeteasy listing and look at pic of tenant apt. with one wall kitchen. Your request for more pendant light fixtures is granted.