House of the Day: 560 Putnam Avenue
Based upon the exterior of the house and the lovely block it’s on, 560 Putnam Avenue in Bedford Stuyvesant looks like an interesting buy at the asking price of $650,000. The three-story, two-family house hasn’t changed hands in a long, long time nor has it had any renovations that would merit a filing with DOB….
Based upon the exterior of the house and the lovely block it’s on, 560 Putnam Avenue in Bedford Stuyvesant looks like an interesting buy at the asking price of $650,000. The three-story, two-family house hasn’t changed hands in a long, long time nor has it had any renovations that would merit a filing with DOB. Both of these factors help explain the low annual taxes of $839. They also suggest that whoever buys the house will probably have some work to do. That’s fine given the price. The big question is whether this is a time capsule with original details or something that been destroyed over time. Anyone know?
560 Putnam Avenue [Irongate Properties] GMAP P*Shark
If the house has been gutted than its not in move in condition. This makes financing a lot more complicated. 650k for a shell in non prime bed stuy seems like crazy talk to me. Am i the only person left who doesn’t think every brownstone in brooklyn is worth at least 1 million? (The building is about 2400 square feet that means renovation costs are at least 250k – 500k)
855 Jefferson has already had its moment in the sun on this site..should we go over it again?
The fact that the listing says that its “currently gutted” and no interior pics makes me very suspicious of the condition inside. I might be worried that DIY home improvements may have destroyed important details. I like the outside detail that remains, however.
I’d actually be more interested in this
http://newyork.craigslist.org/brk/rfs/345396752.html
the work is already done.
if taxes are 839 does that mean the slightest registered renovation means they pop up to $4k a year or something? how does that work?
the listing also says its loaded with details
judging by the doors and windows, I would say no work has been done here for a long time or possibly ever.
Bed Stuy is a poor area, most folks did not have the money to update their houses. It’s still a poor area. A poor, African-American area, lest we forget.
The listing says it has been gutted.
I’ve seen the house a couple of Months ago. I spoke to the owner as well. The house has lots of potential, lots of details, but it needs a lot of work. Maybe 100-15k to bring back to its original Glory. If you’re willing to pay $750K for a 2 Fam in a not so Prime Bed-Stuy then this house is for you. The House has potential though….