64A-Clifton-Place-1207.jpgThe 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


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  1. I saw a post with the word “negro” in it get deleted this morning after it was up for like 5 minutes.

    That is the problem with censorship – Either its all OK or none of it is. Mr. Brownstoner should not be editing content lest he risk his site becoming the Big Brother Blog.

  2. Hey browstoner- The What is perfectly entitled to his opinon, but do you ever draw the line on how far people take their language on the site? When people start throwing rape terms lightly into a tirade, maybe you want to step in.

    There are plenty of people who’ll now curse at me for bringing it up- bring it on. Go ahead and defend using casual rape references in common conversation.

  3. There is a certain economy of scale when you go in and do everything at once. Meaning all new plumbing, electrical, hvac, structural, and finishes. It should not be more than $500,000 unless one keeps changing one’s mind and creating change orders or one wants to recreate the state rooms of the Normandy or something. It will take time though, and time is money. You will also neeed to figure another 60,000 or so for architecture fees and filing fees. Don’t expect the work to be completed in under a year.

  4. Well… Lookie here another greedy asshole. There is one thing? Where are you going get your mortgage at??!!! Lending is very bad now. The asshats who loaned money on shit like this is getting assraped on Wall St now. Good luck, Fuck

    The What

    omeday this war is gonna end…

  5. I have to say, Corcoran’s brand has been damaged by their incredible expansion into Brooklyn. I used to think of them as a semi-high-end firm but they’ve blanketed Brooklyn with new offices and mediocre listings.

    As a brownstone owner, if I ever sell, I’m not sure I would go with Corcoran for brand and other reasons.

    Also, in my opinion, a gut reno on a 3-storey 18×40 is around $500k BEFORE you add in the new mechanicals, new roof, façade repair, repointing, etc. Probably closer to $750k+ all in.

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