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
normally I would say that the days of flipping places for that kind of profit are over, but that is a damn nice renovation, and I can see the right buyer coming along and snatching this up.
no way this goes for 1.3. even though I personally don’t dig the way the duplex is laid out, a young family looking for rental income and no reno will snap this up. there is a premium for move-in ready. 1.4 at least.
Nice. Sigh.
gosh, they could easily have spent more than 100K altho i don’t really know.
i’d look at the basement too. i used to live bet. 4/5 and it floods like hell.
need really good pits, sump pumps and shelves to keep stuff off the ground.
what is the going psf price for that area?
if you rent out the apt, i’m assuming 800 sq. foot per floor, so that’s 1600 sq feet of living space? it’s condo sized at that amount.
i’d look at condo prices in better areas to compare this too.
“once union market opens (on 7th and 14th) in a couple weeks, the value goes up another 100K.”
That’s hysterical! Good one.
a food mart=100K. now I’ve heard everything.
Agree, looks like a nice place, but looking for a quick 500K flip in 6 months in this market probably wont cut it anymore.
I’ll definately be a the open house though since it is right around the corner.
like the kitchen cabinets. anyone know who made them? custom? ikea?
once union market opens (on 7th and 14th) in a couple weeks, the value goes up another 100K.
sorry…but that’s a pretty major addition to this part of the neighborhood.
it will have officially arrived.