House of the Day: Carroll Gardens FSBO
Everyone knows we’re a sucker for a FSBO listing, so no surprise that we’re taking a look at this one at 306 Union Street in Carroll Gardens. The four-story brick house has 3,900 square feet above grade and another 800-square-foot English basement. It’s currently configured as a four-family and looks to us to be in…
Everyone knows we’re a sucker for a FSBO listing, so no surprise that we’re taking a look at this one at 306 Union Street in Carroll Gardens. The four-story brick house has 3,900 square feet above grade and another 800-square-foot English basement. It’s currently configured as a four-family and looks to us to be in decent shape–though some of the kitchens and bathrooms leave us feeling a little limp, though if you’re going to convert to a one- or two-family, most of those will get ripped out anyway. (See for yourself at the open house on Sunday from 2-4.) The current owners did a lot of work on the place when they bought several years ago–including restoring the parquet floors (our favorite from the photos) and tin ceilings. The owners’ favorite detail? The original crown moldings. The location–a block from the trains and restaurants–is appealing as well. Given that this place will most likely need some dough plowed into it (whether to improve some of the finishes and fixtures or to change the configuration), the $2.2 million ask may be a bit of a stretch, but it is a 22-footer in an increasingly desirable area, so who knows. How do people think this stacks up against Monday’s HOTD on Dean Street?
Carroll Gardens FSBO [306 Union Street] GMAP P*Shark
Again, you are not going to find 3900 sq feet in Cobble Hill for $2.2 either.. and its the same shops and just a couple short blocks away.
You folks that claim you can find something in better location…..show us the comp. listing or sales.
(and a 3200 sq ft house is not a comp to a 3900 sq ft house).
$2.2 mil is overpriced for that block of Union which is not very attractive. Now, if it were Union between Smith & Hoyt, with deep front gardens, then that might be a different story…but $2.2 is too much for Union as a whole.
$2.2 for that block of Union is overpriced…the block is not very attractive. If it were Union between Smith & Hoyt with deep front gardens, that might be a different story, but still a bit too much $$ for Union as a whole.
I think I could buy in Cobble HIll for this money. Better location, better shops, better schools
You are not going to buy 3900 sq feet home off Propect Pk (on Pk SLope side) for couple hundred thou more than this.
Try at least $500k. And I wouldn’t call it 2nd rate location.
In the near vicinity 3600 sq ft houses needing major work price about $1.5-1.7m.
Unfortunately in its present configuration and although some upgrades will still need some major $ to make a nice home for upscale family that could afford to buy it. I think somewhat under $2m is more like it.
second rate location? i’d take carroll gardens over stroller-mobbed park slope any day!
tinarina,
You’re right, most of the 3-4 family houses don’t have rent-stabilized or rent-controlled tenants. Thanks for pointing that out.
But one question that I’ve always had is whether or not the owner of a rent-stabilized or rent-controlled unit is legally obligated to renew the tenant’s lease once it expires. Do they have to keep the tenant? I understand that once the apartment becomes vacant and the landlord invests $2k in fixing it up (a new paint job and new oven?) the apartment becomes de-regulated and the owner can begin charging ‘market’ rates.
Sounds like you’ve had the unfortunate experience of being displaced as a renter in the past.
I’ve considered buying a multi-family (when they were more affordable). But I always asked whether or not the property was going to be delivered vacant. I was always concerned about inheriting the former owner’s nightmare.
Aren’t there much nicer homes available for a couple hundred thousand more near the park in Park Slope? Why would anybody pay this much for a second rate Brooklyn location and an inferior (needs renovation) product?
Well, that’s one of the problems with renting that everyone seems to avoid when debating renting or buying. You can always be kicked to the curb when your lease expires. Bummer.