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We totally have a crush on this funny little house at 591 Union Street in Gowanus. It’s not big and it doesn’t have a lot of old-school architectural detail, but it’s a charmer. The 60-foot front yard has huge possibilities and the old floorboards and exposed wood-beamed ceilings provide the building blocks of a very cool place. According to Property Shark, the house is only 1,000 square feet, but there’s tons of unused FAR if you wanted to add another floor or two. Anyway, in the right hands, this could be something special, IOHO. Thoughts?
591 Union Street [Aguayo & Huebener] GMAP P*Shark


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  1. gkw – re: “one day some big developer will buy you out” – “One day” is the operative phrase. That “one day” may be 10-15 years from now given how protracted this downturn might be (think of late 80s – that one took a long time to recover from). Do you really want to tie up your 800K this way until then? Even $800/ft is crazy in this location, in this market.

  2. it’s just an asking price to get people interestd cwbuecheler. And, believe it or not, some people like industrial gowanus more than the brownstone neighbs surrounding it. However, I agree that the allure of this neighborhood should be cheap prices for interesting spaces – I honestly cannot fathom who bought overpriced, cookie cutter condos on fourth. However, for less than $800k I think this house could be a decent investment – not least because you can be pretty confident that one day some big developer will want to buy you out.

  3. 900/sq foot in Gowanus? No, thanks. The economy is tanking, fourth avenue development is slowing, and that area’s going to continue to be mostly industrial for decades. It’s a cute house, but I can’t imagine who’d pay $900k for it.

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