House of the Day: 197 Clinton Street
Just over the border from Brooklyn Heights, this Cobble Hill 5-story brownstone at 197 Clinton Street looks pretty sweet. The owner’s duplex on the bottom two floors is indeed, as the listing says, “pristine” and “architect-designed.” And they’re not kidding: It’s a beautiful space. There are also three rentals on top, which will come in…
Just over the border from Brooklyn Heights, this Cobble Hill 5-story brownstone at 197 Clinton Street looks pretty sweet. The owner’s duplex on the bottom two floors is indeed, as the listing says, “pristine” and “architect-designed.” And they’re not kidding: It’s a beautiful space. There are also three rentals on top, which will come in handy for anyone who pays near the asking price of $3.6 million. The listing doesn’t say, but we’d guess the monthly gross on the rentals is around $6,000, which would cover, what, about $1 million of mortgage? Does that mean you’re paying $2.6 million for a duplex?
197 Clinton Street [Prudential Douglas Elliman] GMAP P*Shark
Has anyone ever been inside the building? Can you give an insider’s view on what it looks like? How is the owner (negotiable)?
Not a long walk to Boro Hall station. I lived in this bldg for a short time 30 years ago -and Boro Hall was closest.
It is tough to price this size house.
Very nice building but I agree that it’s overpriced. Perhaps the owner is just fishing and not truly interested in making a sale. I mean, he or she can’t be serious, right? ;-\
don’t forget the square footage…over 10 people per floor.
what happened to investment clubs? are there any still around, where people get together and buy property for investment.
If anyone knows of any, what are their names. There are many people I know who can’t afford a certain neighborhood but would want to buy a share. It’s like having roommates but instead of renting together you are buying together.
The thought doesn’t seem so odd.
How about 50 25 year olds taking it? I think that’s $72,000 each. A relative bargain.
If we think the young people can’t afford to live there, and they are, maybe they can buy this place.
I don’t see it.
You can rent a better duplex for 60-70k/yr max — financing a 2.5 million dollar duplex is going to run you 150k/yr + expenses.
No thanks.
This neighborhood doesn’t have good transportation, and parking is a real issue.
As far as young people, I agree, they are all over, spending disposable income, and are living there.
The owner is not very negotiable. Sitting since March. Definitely overpriced.