House of the Day: 224 Washington Avenue
Although there are no interior photos provided on the Two Trees website, we’re inclined to believe the verbiage that the brownstone at 224 Washington Avenue in Clinton Hill is indeed chock-full of historic details. The house was owned for decades by the same person and there haven’t been any renovations filed with DOB ever. As…
Although there are no interior photos provided on the Two Trees website, we’re inclined to believe the verbiage that the brownstone at 224 Washington Avenue in Clinton Hill is indeed chock-full of historic details. The house was owned for decades by the same person and there haven’t been any renovations filed with DOB ever. As far as we can tell, the owner died last year. Based on this article from the Daily News, someone recently bought the house from the estate and, in addition to booting the long-time tenant, is trying to flip it. Anyway, it’s a pretty safe bet that this’ll need some new kitchens and bathrooms in addition to some general tuning up, so you’re probably talking at least $200,000 in addition to the asking price of $1,795,000. If the details are intact, though, $2 million all-in for a killer house in this location ain’t crazy. Or is it?
224 Washington Avenue [Two Trees] GMAP P*Shark
Don’t know about private schools. Studied straight in Catholic school with nuns trained in the martial arts, so anyway back to the house. It’s a wide house with a great exterior in a good location and it is probably shabby inside and will require upgrades and lots of work. But who knows. You have no pictures and no information. Norman Calvo of Universal Mortgage told me this week that he couldn’t get off one of his jumbo loans, so the discussion is academic for the time being.
5:08, I feel sorry for the tenant. It’s a damn shame.
5:12 – You don’t have the foggiest clue what you’re talking about. Did you read the linked article in the Daily News? Do you understand that as a two family home, there are no protections, and thus, no buyouts for that “condo in Florida” you mentioned?
8:57
It would be a repeat of the 1989-92 cycle.
a drop if 50% (or more) the first year and then a regain of losses over the next two to three years, if you think that is far-fetched, you have not been in NYC real estate that long.
so you predict a 50% drop in one year and then a 200% increase over the next three??
you must be an economist.
I think in one year it will be worth half but in three it will be worth as much if not more.
It’s a weird situation talking about houses this week.
Some people think that in 2 years this place is going to be worth half what it is now, and the rest are pretending like everything is fine, because they know it isn’t. No matter what we say about this house, someone is going to say it’s foolish to be buying a property like this right now and that makes EVERYONE nervous.
So what now?
Can we get back to the house!
keep your heads in the sand if that’s what you prefer.
meanwhile the u.s. is slipping down the ladder of the industrialized countries on so many things.
a recent addition being life expectancy. any reason the u.s. should be 41st on this list??
maybe because most people are more concerned with what’s going on in lindsay lohan’s life than they are with finding cures for diseases.
you don’t believe me?
then you don’t have your eyes open.
here here 8:09 – that’s what I was trying to say in my original post many hours ago (3:08)