gates aveThe story of the writer/historian buying and rehabbing a 152-year old house in Clinton Hill certainly hit close to home for us. We can only fantasize at this point about how he felt when the entire ordeal was finished. Even though we are hopefully only four to five months away from completion ourselves, it feels like forever. The riskiest part of his entire deal, in our opinion, was buying a place that had tenants in place. We think he was quite lucky to have been able to get them all out. Having been through the latter half of the process of converting an SRO, we know first hand of the numerous pitfalls–and the extent to which the City stacks the odds against you. We couldn’t tell whether the renters in this particular house were protected by rent control or SRO status. Hats off the Nathaniel though. Sounds like he ended up with a great place.
Row House’s Four-Story Renovation [NY Times]


What's Your Take? Leave a Comment