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]
Brownstoner, I hear what you are saying about a rinky dink firm. That being said, I think most buildings in brooklyn are sold by mom and pop small realtor outfits. I’ve bought several from these kinds of shops. If the property is priced right, it sells. If not, it languishes. Promotioni or no promotion. I think it’s got more to do with the price and less with the promotion.
Under the radar because it’s with a rinky-dink firm that, as far as we are aware, hasn’t exactly done a bang-up job of promoting it. Point taken on length of time on the market–but since it hadn’t been promoted very well, we didn’t know it had been on the market a long time.
394 Van Brunt Street down the street went for 1.33 million with fewer units.
How is this under the radar. It is been on the market for a while, in a prominent location. It has languished due to price.
The back houses are not unusual in red hook (they’re like a wierd BK version of a rear tenement that has been grandfathered in). The guy next door to me completely reno’d the rear house and made a beautiful 2 bedroom duplex out of it. They’re not big but they can be very nice.
I think what is interesting about the listing is that besides the 6 1-bdrm apts (which are probably rentstabe) and the commercial – there is a 3bdroom-2story house in back.
Or, across the street from the B61. And it’s only about 5 blocks from the new Fairway and the water taxi stop there (which is only running weekends now but is supposed to offer commuter service eventually).
Get over it. The bus is not a big deal. I take it every day. I get to work as easily as I did from Park Slope and in about the same amount of time. I will say one benefit of no direct subway is that it’s kept the neighborhood quiet in a way that many of the residents appreciate.
a nice 15 minute walk to the closest train.
Way overpriced. Especially when you consider you’d need a commercial loan (at a higher interest rate) to finance the purchase…