House of the Day: South Slope Mint? Flip?
This woodframe on 8th Street between 4th and 5th Avenues looked like a pretty sweet deal at $1.195 million. But as we looked a little more closely at the photos, we became a little less enthusiastic. While the exterior sure is charming, the interior has the feel of a flip job that, while perfectly competent,…
This woodframe on 8th Street between 4th and 5th Avenues looked like a pretty sweet deal at $1.195 million. But as we looked a little more closely at the photos, we became a little less enthusiastic. While the exterior sure is charming, the interior has the feel of a flip job that, while perfectly competent, feels like it lost some character in the process. Anyone know this place? The listing doesn’t give the street address so we’ve hit a dead end.
Mint One or Two Family [NYT Listings] GMAP
FYI, the Warren Lewis listing mentioned above is a 1 family — no rental.
Lefferts Manor has houses for under a million if it’s one of the smaller 2-story houses. Not many are listed each year b/c the inventory is smaller. The condition is hit or miss from what I’ve seen at open houses; some houses have been nicely maintained, some are buried under layers of paint and grime. Regardless, the covenant there has kept the houses from being chopped into rabbits warrens of apartments so that saves you money on renos. No need to have to spend a lot to convert back to one-family. Then again you don’t have an income-producing apartment. Though I’ve seen some “cheaters” at open houses. One large house was inside the Lefferts Manor designation and yet had a kitchen on every single floor. And yet still, the realtor insisted it was a one-family house. Hmm, maybe they were just very enthusiastic gourmands!
Decent single family house for less than a million? Definitely Sunset Park. A friend is looking at one for 995K right on the park.
Speaking of prices, this BHS listing has got to be the most expensive apartment in the city. Based on my calculations this works out to $6,000 per square foot. A bit pricey for Carrol Gardens?????
http://brownharrisstevens.com/detail.aspx?id=541035
239 8th Street, same block, about 1400 square feet, sold in Sept for $835K. Was described in a Brownstoner Open House picks as “Needs a complete gut job – or better yet teardown and re-build. The rooms are tiny, the floors are slanted and the backyard extension looks like it was stapled on the main house” — and “needs to have an h bomb dropped on it and then rebuilt.”
http://tinyurl.com/zqnsx
I own a wood frame single family in Boerum Hill and would disagree that these homes don’t hold their value. Most frame homes are either 1 or 2 family (versus Bronstones which are mostly 2-4 family)so its not surpising that Brownstones often have higher prices. They are bigger. While the detail in a wood frame is gnerally not as ornate as that found in a Brownstone, there is character and high quality workmanship. While the Brownstones in Park Slope, Ft. Green and Brooklyn Hieghts might have a lot of detail, the Bronwstones in Cobble Hill, Boerum Hill and Carrol Gardens often don’t. I think those neihgobrhoods were more middle class and therefore not as ornate.
Another thing to note about the house – the exterior is not vinyl, it is painted wood (cant speak to the quality of the wood). Beautiful, yes, but imagine having to paint is every few years.
okay. it’s on 8th st. for some reason i thought i was much further south. it looks like it should be further south. that’s not a put down, just a description. there seem to be more wood frames the further south you go.
i’m sticking to my original quote of $850. maybe it will get 900, but no more. that’s what i’m sayin…:)
2:17 –Try this…
http://www.warrenlewis.com/cgi-bin/re/re_show.pl?re_command=show&ID=5482