House of the Day: 6 Third Street
Even if this house at 6 Third Street in Carroll Gardens is in as bad shape as we suspect it is, it’s still looking pretty darn cheap to us at the asking price of $975,000. It’s currently configured as a two-family, double-duplex house. The listing says it has tin ceilings, marble mantels and pocket doors,…
Even if this house at 6 Third Street in Carroll Gardens is in as bad shape as we suspect it is, it’s still looking pretty darn cheap to us at the asking price of $975,000. It’s currently configured as a two-family, double-duplex house. The listing says it has tin ceilings, marble mantels and pocket doors, so it sounds to us like someone could buy this place for asking, sink another $500,000 into it and end up with a great, finished house for under $1.5 million. It almost sounds too good to be true. Is there a catch we’re missing?
6 Third Street [Manzione RE] GMAP P*Shark
Photo by Kate Leonova for Property Shark
That’s all I need to evict a mafia widow or an old capo from their Carroll Gardens house.
Oy! Numerous Soprano episodes come to mind.
“You ever here the deafening rumble of subways going over the Manhattan Bridge while enjoying the multi-million dollar views of the DUMBO waterfront?”
Yup, it’s one of the tragic flaws of the neighborhood. Fine if others want to pay big money for it, it’s just not for me.
On that note, however, this house doesn’t really have the “multi-million dollar views” angle going for it, does it?
I live a couple of blocks from here. You can’t hear the train and i think it’s actually a great block – value will surge also if/when the supposed bond street development happens that’s being chronicled on here, and when whole foods happens. Often what seems like tons of work really isn’t so bad. For instance – wiring and plumbing really isn’t that big of a deal. After all, these brownstones are so simple architecturally – plus pretty narrow. Neither is re-pointing.
I do not think this is too good to be true. It represents the reality of today’s market – places that are not on prime blocks and that need lots of work will rot on the market unless priced aggressively, in this case just under that magic 1 million number. This broker will be rewarded with a quick sale, no doubt.
The Mansard roof and dormers are probably original, the house to the left had its Mansard removed and replaced with a plain brick wall that does not quite match the original brick.
To: 2:13, 2:26, etc.
… are you enjoying having a posting conversation with yourself?
busy today?
I hear that those under-62 year old rent regulated tenants are very cooperative when they undertand that a rich family wants to take over the entire house. They usually pack up and leave within days. No lengthy court hearings, no endless eviction proceedings, no relocation money. They just leave willingly wishing you the very best of luck.
No sweat, 2:13. It happens to the best of us. Sometimes ‘gut’ trumps science, but in this case the numbers don’t lie. The house is worth $4,372,811.09.
You did, 1:35? Sorry, my bad. I always sucked at math. I go with my “gut.”