House of the Day: 216 14th Street
We’d glanced at this listing at 216 14th Street in the South Slope before but hadn’t given it much thought based on the exterior. When we took a closer look at the interior shots recently, though, we were struck by how nice it is. The two-family house is clearly a flip-job, but, other than the…
We’d glanced at this listing at 216 14th Street in the South Slope before but hadn’t given it much thought based on the exterior. When we took a closer look at the interior shots recently, though, we were struck by how nice it is. The two-family house is clearly a flip-job, but, other than the Home Depot-esque doors, appears to avoid most of the pitfalls typically associated with that kind of thing. (It was purchased back in June for $1,150,000.) The floors, moldings and bannister were all maintained and restored. The cabinetry looks a whole lot better than one would expect from a flipper in this part of town as well. The big question is whether the sellers have added the $500,000 in value that justifies the $1,650,000 asking price. Waddya think?
Property #118 [Townsley & Gay] GMAP P*Shark
According to Property shark, 216 14 St in Park slope was bought by flm realty enterprises from Jean Mann and Dorothy stasik for $637,00 in 12/06. Subsequently, it was sold to Jayson Halladay for 1,150,00, nearly twice the price flm enterprises paid for merely 6 months ago. Jayson Hallady is how listing it for $1.595 a short few months afterwards. In total, from dec/06 to dec/07, 216 14 st’s value jumped by more than 250%. What am I missing here? what is the deal with flm realty enterprises and jayson halladay? are they professional flippers?
looks like the seller lowered the price to 1.595 from 1.65, 55k less.
I am buying properties in PS for quit sometimes.
I was bidding on this one when it was listed for 925K, in May, than the market was hot and some greedy blind investors got this one for 200K above the asking price, now they will eat it. They put may be 100k into it. This house
ain’t worth more than 1.1. I recently bought a better one in a much better location in Center Slope for 1.3M.
“The Brooklyn market really does fail families who can afford to pay 1 to 1.3(maybe 1.4 with a rental) for a home.”
Never heard of Kensington and Ditmas Park? Lots of large apartments for WAY under that price. Free-standing homes too.
Right, the suburbs are for loser as opposed to brookln which is reserved for the creme-de-la-creme. Do you even know how ludicrous you sound?
But see what I mean? No one can really come up with an answer. The Brooklyn market really does fail families who can afford to pay 1 to 1.3(maybe 1.4 with a rental) for a home. That’s a lot of dough, but it gets you nothing. Grumble, grumble,I know.
the suburbs are for losers.
OK, I stand corrected, any sane person who cannot afford a 3-million dollar 3-bedroom apartment moves to the suburbs and the perhaps when the kids are grown will downsize to a nice lux apartment in the city.
3 bedrooms at on prospect park are 3 million ish i think.
beyonce bought 4 floors.