HOTD: If You Only Buy One House This year...
Today’s HOTD is the most table-pounding buy we’ve seen in a long, long time and we bet that, slumping market be damned, this will be gone within a week. The two-family Greek Revival woodframe house has been carefully maintained by the same owner for the last twelve years and sports a sweet front porch and…
Today’s HOTD is the most table-pounding buy we’ve seen in a long, long time and we bet that, slumping market be damned, this will be gone within a week. The two-family Greek Revival woodframe house has been carefully maintained by the same owner for the last twelve years and sports a sweet front porch and back yard. The place has plenty of original architectural charm, though we’ll admit that the kitchen and bathroom aren’t anything to crow about. The location on Adelphi just off Lafayette is prime Fort Greene, just a couple of blocks from the park and the majority of the best restaurants in the nabe. Honestly, except for the aforementioned lackluster kitchen and bathroom and perhaps the slightly shallow lot of 75 feet, we’re surprised this isn’t priced at least $200,000 higher. If we were in the market right now, we’d be all over this.
331 Adelphi Street [Aguayo & Huebener] GMAP P*Shark
I think the G is very deep underground at this point, since Lafayette is a hill, so that would explain why you don’t hear the subway or feel it much.
I lived on Lafayette for several years and in the dead of the night you could faintly hear a low hum of the subway passing. No vibrations. Also, two duplexes could easily go for $750. I sold a floor through apartment around the corner from this place for over $600K a couple of years ago. I think the question will be what sort of details are left inside and will the buyer want to do any sort of major renovations. Otherwise, it is priced to move quickly, and above ask, in my opinion.
Well the Corcoran listing on Prospect is stunning, but again seems like a lot of money to me. I guess I still am remembering the days when $1.5 mil got you 83 (?) S. Elliot nd it was probably 5,000 square feet and had only 4 or five owners since it was built so it was unrenovated. That was the one when I wished I actually made money.
Well I didn’t look super hard, but this is what I’d do:
http://www.3location3.com/open-realty/listingview.php?listingID=195&PHPSESSID=571f7e725b77d49d988074c392cad13a
I’d keep an office or maybe a store in the downstairs and have a fucking sweet place upstairs.
Well the Corcoran listing on Prospect is stunning, but again seems like a lot of money to me. I guess I still am remembering the days when $1.5 mil got you 83 (?) S. Elliot nd it was probably 5,000 square feet and had only 4 or five owners since it was built so it was unrenovated. That was the one when I wished I actually made money.
Well I didn’t look super hard, but this is what I’d do:
http://www.3location3.com/open-realty/listingview.php?listingID=195&PHPSESSID=571f7e725b77d49d988074c392cad13a
I’d keep an office or maybe a store in the downstairs and have a fucking sweet place upstairs.
I live 60′ off of Fulton and I get the rumbling of the C local and the A express. In the middle of the night, yeah, you can hear it some. During the day, if you were standing perfectly still and there was no other noise (no radio, no music, no talking) you can hear/feel it a tiny bit.
I actually think it’s kinda charming. And my brownstone has been standing for 100 years. (BTW, my carpenter loves frames, instead of masonry buildings. they are easier to repair, in some respects)
Some people put a great deal of value on rarity and woodframe is rare in NYC. My ancestors lived all over this neighborhood in the mid-19th century and not one of their dwellings (most of which were woodframe) still stands. The kitchen and bath aren’t bad at all–they really only need better floors.
I’m sure garden level is legal. Sq ftage for house on records includes it.
Drastically higher heating costs? Plenty of thing effect heating cost…but to call it drastic is bit much.
All of our houses have plenty of wood for termites – for instance wall studs, floor joists, etc. But this isn’t Florida and although happens not common in this neigborhood.
Teeth-rattling? I think we have a lot of gloom-doom types here.
Anyone here live on Lafayette? Is it horrible? I live fairly close to Smith St. and aware of train when everything is quiet, still at night hardly disturbing. And had many guests stay over who said never aware of it.
2:02,
Why one family? Top unit looks spacious enough to me. Less help with the mortgage (not for all buyers) but better bang for buck. It’s a bonafide brownestone. Hopefully, we’ll see which one closes first.
I would buy the house on Marlborough, at half the price. No need to deal with tenants, has a garage, up and coming neighborhood, light from all sides (yes and I know this means higher heating bill but what the hey – it would be worth it to have actual sunlight hitting my childrens’ faces – a rarety in my brownstone rental).