House of the Day: 82 Sterling Place
The house at 82 Sterling Place in Park Slope has been in the same hands since the early 70s and, from the sound of the listing, it shows. The four-story, four-family brownstone “needs renovation,” perhaps so much so that the broker opted not to include any interior photos. They’re asking $2,200,000, which seems like a…
The house at 82 Sterling Place in Park Slope has been in the same hands since the early 70s and, from the sound of the listing, it shows. The four-story, four-family brownstone “needs renovation,” perhaps so much so that the broker opted not to include any interior photos. They’re asking $2,200,000, which seems like a lot for a property that’s being positioned as blank slate for a developer, even in this part of town. There was an open house yesterday so we’re hoping someone out there can fill in the blanks about the interior.
82 Sterling Place [Brown Harris Stevens] GMAP P*Shark
yeah, truly, 2:52.
i was shocked at how few new listings there were on corcoran today.
seems inventory is low. i wonder if that’s actually true…
Slim pickins out there…
I wasn’t nor have ever been a broker, 2:32.
But your jaded post is always appreciated.
And laughed at.
How big are the floorplans? How do you know they could get $1M per? Maybe if they make for spacious 2BRs, but this will moer likely result in 1BRs.
I figure it’s worth about $1.7M. But maybe you could buy it for $2M, put $500K into renovations and conversion, then sell four condos for $750K each. $500K profit, minus carrying costs in the meantime. Not bad, but also not great.
I guess there’s not much action on the broker’s $8 and $7 million listings in Brooklyn Heights, judging by his immediate attention to this thread.
wrong thread. that was friday, bud.
atlantic terminal is the greatest mall in America, if not the world!
For a developer though, they could put in a million bucks on renovating the place and STILL make a million if they sold for a million for each floor, which would not be difficult to do.
Don’t think it probably makes sense otherwise.
The exterior needs so much work, it’s unbelievable. I can’t even imagine what the interior is like. I was on my way to the open house, saw the facade, including the missing cornice, shortened window frames, and the stark and ruined facade, and I turned right around.