HOTD: Under The Radar at 351 Van Brunt
A couple buildings over from the Hope & Anchor bar there’s a brick walk-up building at 351 Van Brunt whose owner decided to use a Long Island real estate brokerage firm called Exceptional Homes Realty to sell the place. Seems like a strange choice to us, but whatever. It turns out the asking price for…
A couple buildings over from the Hope & Anchor bar there’s a brick walk-up building at 351 Van Brunt whose owner decided to use a Long Island real estate brokerage firm called Exceptional Homes Realty to sell the place. Seems like a strange choice to us, but whatever. It turns out the asking price for the 4-story multi-family is $1,550,000. This got us wondering about what commercial rents are like in this part of town. What, for example, do you think the retro furniture store Atlantis pays for this space?
Featured Listings [Exceptional Homes]
how about that 300 van brunt with the illegal penthouse. who would buy that knowing the dob has placed multiple violations on it? the current owner bought it for 550k a year ago, hired min wage workers and completed the work with complete disregard for zoning regulations.
This is an invalid assumption. I have bought numerous properties from brokers who did not advertise in the New York Times. If the property is priced right, putting up a sign will attact offers.
My guess would be that they’re not a “motivated seller” so much as they’re curious to see what they might get given the rising prices in the neighborhood. Thus the half-hearted attempt to sell by listing with a broker who doesn’t even advertise the property in the Sunday Times.
why do you think the owners actually want to sell the building? i think they’ve been “listing” this property with various no-name brokers for the past 3 years or so. they’re just trolling for suckers.
and if you are actually curious about what rents on van brunt street go for, it’s easy enough to find out, probably 20 or so storefront vacancies the length of the street. many with phone numbers!
But I guess it’s ok for COrcoran to use BP’s copyrighted photos as per the linkster today?
I disagree.. there are still people who just go to corcoran.com or brown harris.com (people from manhattan, out of town, etc) .. and those guys aren’t spashing their websites with places that are listed with other firms.
You do cast a wider net by going with one of the big ones. As a buyer, I prefer the smaller players, but as a seller I think you’re not well served that way.
Brownstoner,
Why knock somebody who uses a brokerage firm you haven’t heard of?
There’s lots of reasons to use a small firm — the main one being their willingness to come down on commission. Or maybe the broker is just a friend of the owner, who knows?
As long as his broker co-brokes, there’s no reason he can’t sell the place for as much as anybody. It’s my understanding that all NYC brokers subscribe to a listing service called OLR which shows them all open listings in the city.
Whether your broker is Corcoran or Bumbleshmuck, Inc., as long as he co-brokes and advertises, what’s the difference?
Small ‘mom and pop’ are fine if in the neighborhood and people know them.
Not in million year would you be going to small LI agency to find property in Red Hook.
So unless you saw the sign – how would you know about it – since they don’t advertise.
it’s not listed in the times or CL or anywhere except the company’s website. so you have to drive by it to see it.
and 394 Van Brunt sold for more because it had a great looking owners unit as well as 2 additional rentals. this building is rent stabilized therefore there’s no leeway on the rent. But i have to say it’s a nice building and the tenants are nice, and the little back house is pretty groovy. i live down the street.
i think it’s too much $
but it is cheaper than another multi- fam at 113 Dikeman Street that the guy from the Stop 1 Deli is trying to sell for almost $2 million.
http://www.era.com/erabin/listing?Property=1937464
they give the wrong zip code