House of the Day: 118 South Elliott Place
This one seems to be a pretty solid listing: Nice 4-story brick in central Fort Greene asking just under $1.7 million. The parlor floor looks great and it appears that the kitchen has a deck off it, in addition to the standard yard. And the price seems about right, too, especially given the fact that…
This one seems to be a pretty solid listing: Nice 4-story brick in central Fort Greene asking just under $1.7 million. The parlor floor looks great and it appears that the kitchen has a deck off it, in addition to the standard yard. And the price seems about right, too, especially given the fact that there’s $3,500-$4,000 of rental income from the top two units. If we had to nitpick, we’d only point out how cramped and oddly built-out the rentals look. But, given the location, we doubt finding tenants will be a problem. We bet this sells for $1.65 within a couple of weeks.
118 South Elliott Place [Corcoran] GMAP P*Shark
You’re underestimating cobble hill. Cobble hill has listings over 3million for some properties, and over two million for many.
Yes, fort greene is comparable. More expensive than carroll gardens or boerum hill on the prime blocks (s. elliott, s. portland, s.oxford, cumberland, etc)
SO if this sells $1.65 mln at 3580 square feet, that’s $460 a square foot. That’s around Cobble Hill/Boerum Hill/Carroll Gardens rates. Pardon me if this is stupid question but is Fort Greene really comparable to those nabes? Or am I underestimating square footage rates in the other nabes?
Gorgeous block, and in this area of Fort greene, they will get lifted in a nanosecond i bet. The minor details of the duplex are easily changed.
Is anyone really getting $2000 per month for rentals in FG? That’s what my broker said too and it never happened.
Prime candidate for staging if ever I saw one.
More like 21X41x4 = 3360 + 10’ext on garden leven adds another 210 = 3580.
Look at other props on market. This is priced well and very lowest would be $1.6.
Very convenient location. As long as block is nice – I think they’ll get it.
I dunno, given recent sales, it might *still* go for 1.65 in the near future. I’d put the rental income at a little over 3000…
Sounds like we may have overshot on this one then. Agree that the rent estimate is probably a little high. So what do you think this is worth?