Foreclosure of the Week: 707 Quincy Street
The most interesting property coming up for foreclosure sale this week is this corner brownstone at 707 Quincy Street in Bedford Stuyvesant. The four-story, five-unit house currently has a lien of $201,870 against it. Personally, we could see this making a nice condo conversion with all those side windows. 707 Quincy Street [Property Shark] GMAP
The most interesting property coming up for foreclosure sale this week is this corner brownstone at 707 Quincy Street in Bedford Stuyvesant. The four-story, five-unit house currently has a lien of $201,870 against it. Personally, we could see this making a nice condo conversion with all those side windows.
707 Quincy Street [Property Shark] GMAP
It has a CO for 4 units
I like the windows and the mansard roof, but wonder what the interior is like. Based on the size and window layout, I’d guess at 2.5 BR units – and under $2,000 per unit rent. It’s far from the A at Utica, and I don’t know if units closer to the JMZ would have the same rents as one further south.
At $200/sq ft or less, this might make sense as an investment property. Oh, I just saw that this is probably a 5-unit property. That would probably make financing, insurance, etc. more expensive – the property taxes are already higher than many in the neighborhood.
Yes Brooklynnative…it was a very slow day yesterday for all of us. I suspect the story of the brooklyn Sex Toy Shop today will ignite a fire of truly useful comments regarding real estate and brownstone renovation, inside and out!!
I think the fact that this post generated all of 12 comments, most by Dave, shows just how weak the market is.
Dave, just noticed the missing Massey Knakal for lease sign on the Senior Center the other day. Beautiful building. Peter Schubert was the agent for the lease and he doesn’t work there any more. Emailed a friend at the agency and he wasn’t aware of the building at all. Apparently was for sale at one point too…curious what the asking price was…
Never, n-e-v-e-r rely on property shark for important information. Notoriously incorrect on current zoning, FAR, and sq. footage.
Hmmm this property is not even listed as a foreclosure on Reality Trac. Don’t know what I pay my $50 a month for!
Are you sure it is a foreclosure Mr B?
Anybody know why the Massey Knackal sign has come down from the Decatur Stuyvesant Senior Citizen Center…375 Stuyvesant…the big mansion house on the corner???
Mr B are you certain on the lien amount? It looked like there were more from Property Shark.