Foreclosures of the Week
For the first time in recent memory, there are a couple of nice-looking houses in high-rent parts of town up for foreclosure this week. Is it a sign of things to come? First up is 224 Bergen Street, a four-story brick house in Boerum Hill that’s been in the same hands since at least 1999;…
For the first time in recent memory, there are a couple of nice-looking houses in high-rent parts of town up for foreclosure this week. Is it a sign of things to come? First up is 224 Bergen Street, a four-story brick house in Boerum Hill that’s been in the same hands since at least 1999; the lien amount is unavailable. The second pick is 17 Old Fulton Street, a three-family brick building right next to Grimaldi’s; the bounty on its head is a modest (for the area) $471,584. The auctions are being held at 3 p.m. tomorrow at 360 Adams Street, Rooms 274 and 261 respectively.
Foreclosure: 224 Bergen Street [Property Shark] GMAP
Foreclosure: 17 Old Fulton Street [Property Shark] GMAP
Ditto! Brownstoner, it’s a nice blog here but how about going back and updating these posts the next day??
It’s like once something is posted there’s a three hour window for comments and then people forget it ever happened…
How much did the Bergen Street house sell for and how do you find out about these auctions ?
I cannot believe anyone would want to be Grimaldi’s neighbor.
Between the constant pizza smell, the coal dust and the crowds on the street 14+ hours per day 365 days per year, it would be one major, unending nuisance.
No wonder they couldn’t find a buyer.
Just went to the auction and 17 Old Fulton went for $1.5M. I was fantasizing about opening a shop below and living above it, but not at that price at foreclosure. Seems like one could have picked it up for that price by giving a low ball offer pre-foreclosure. Do you all think this was a bargain?
Didn’t stay for Bergen st b/c had to get back to the office, btw.
Correct, BHO…HELOC gone wild.
Bergen Street Place has lots of outstanding Violations.
http://167.153.4.71/Hpdonline/select_application.aspx
Looks like something weird is up. Any theories ?
“Is it a sign of things to come?”
No, it’s a sign that “things” are already here. Comps are slowly but surely getting the memo.
“four-story brick house in Boerum Hill that’s been in the same hands since at least 1999”
HELOC gone wild.
***Bid half off peak comps***
If the property doesn’t make it to auction, it will usually come off the”list” the evening before or even the day of. Only way to verify is to call plaintiff attorney the day of–which is today, actually. Mr. B, I think you may have the day wrong.
Kris – fair enough. I just wasn’t sure whether I understood the auction process correctly or not.
It does seem crazy to me that a building like that would ever go into foreclosure, but I guess sometimes that’s preferable to having to sell it at a loss and then still have a huge debt on one’s hands? Unsure.