House of the Day: 64A Clifton Place
The photo of 64A Clifton Place speaks for itself—Beautiful old Clinton Hill brownstone fallen on hard times. The listing for the 18-by-40-foot house says there are a few original doors left in the place, but overall you’re looking at a complete gut job. The house is asking $899,000, or about $300 a foot. (Quite an…
The photo of 64A Clifton Place speaks for itself—Beautiful old Clinton Hill brownstone fallen on hard times. The listing for the 18-by-40-foot house says there are a few original doors left in the place, but overall you’re looking at a complete gut job. The house is asking $899,000, or about $300 a foot. (Quite an uptick from the $425,100 it traded for back in 2005. Interestingly, the current owner took out a $650,000 mortgage from a private non-bank lender back in April of this year.) What do you think a reasonable price for the gut reno would be? $500,000?
64A Clifton Place [Corcoran] GMAP P*Shark
I looked at the house in 2004-2005 before it sold for $425. The owner was an old woman living in a senior home upstate NY (I believe Rochester) and her relatives did not physically or financially maintain the house. Looking to cash out, her relatives hired a (shaddy) attorney sold the house in an inside deal to a schnook who emptied out the old furniture and never again lifted a finger to renovate it. The records of “odd” transactions and mortgages are par for the course with this house.
Hey 617, we appreciate the effort but the listing you’ve posted is much further away from Fort Green and is in fact in the middle of Bed Stuy. Went to see it myself..it is located opposite that park (Von King?).
I do agree that this POS is not worth more than 500K tops!
“Are they picking numbers out of a hat?”
I suspect the source is about 2-3 feet lower.
You could by this one which is larger 2 blocks closer to Ft. Greene and is in move in condition for the same price. The best part is that it is listed by Corcoran as well. Are they picking numbers out of a hat?
http://www.corcoran.com/property/listing.aspx?ListingID=1091709&Region=NYC
Can anyone explain this? If the place sold for $425K in 2005, how/why would the seller be able to take out a $650,000 mortgage this year without doing any work?
Wait a year and the owner will be begging for his original $425,000. But I suspect it will be broken out into rental apartments.
“Where are you going to get your mortgage at?”
Where did you learn to speak English (at)??
Try “Where are you going to get your mortgage?”
When are you going to stop posting at?
To all of the above and THE WHAT. Mr. Brownstowner puposely uses this listing as a house of the day or week to get you all going against one another. Guess he suceeded again. Your not dreaming your on brownstowner.
this place is the definition of a dump..absolute crap, crapola, st crapious, and POS. Shame on cocoran for trying to milk this. This is half a shell and is not worth more than 500k. At their current ask and gut renovation of about 200K per floor plus facade work you can easily buy a completed 4 storey on a better block.