House of the Day: 78 Halsey Street
As long as it doesn’t turn out to be an SRO with no interior architectural detail, the listing for 78 Halsey Street looks looks interesting if it could be picked up at a slight discount to the $799,000 asking price. The four-story brick and stone house has lost a stoop and looks worse for the…
As long as it doesn’t turn out to be an SRO with no interior architectural detail, the listing for 78 Halsey Street looks looks interesting if it could be picked up at a slight discount to the $799,000 asking price. The four-story brick and stone house has lost a stoop and looks worse for the wear but it’s a beautiful structure very conveniently located a block from the Nostrand A train. The New York Times listing says it’s an eight-family house; Property Shark says six. Either way, there are at least three tenants still in place, not great news for someone who wants to buy and condo the building. Anyone know what the deal is with the interior and the tenants?
87 Halsey Street [NYC Group] GMAP P*Shark
Park Slope rocks. I just love it. I love to push my stroller around it’s tree-lined streets. What in the world could be better than Park Slope.
I think it was meant to make fun of those eager to share hatred and was written with irony. Though I could be wrong…
reters in NY espeially in Brooklyn, have strong rights. some would argue that their rights trump the owner’s rights, so whether the tenants are regulated or not it would not be easy to evict them. even if they do not pay rent. it could take years. it could get nasty. It will cost a fortune in legal fees.
If one buys a building like this, one has to assume that the renters are there to stay. They really own it, all you have is title which means that it is your reponsibility to maintain the building perfectly and to provide the tenants with all the services they need. It is a screwy system but it is our system. Buyer beware.
“Looks like some black kids must have stolen the front stoop.”
Poster=Eager to share hatred.
The broker is selling it and pricing it specifically as a potention condo conversion.
What does another listing on this block have to do with this post, What? Why don’t you provide your e-mail address so everyone can send hate mail to you directly.
Having tenants always makes a sale harder and the price reflects that, among other things.
Why is it always assumed on this site that everything should be turned into condos?
“How much would this house be worth without tenants?”
Don’t know, but I’d definitely think about the fact that it last sold for $210K in 2004.
This and the next block of Halsey have several condo conversions but it’s already too late in the game to try it with this house. 51 Halsey, right down the block is for sale again because the developer trying to do a condo conversion couldn’t get the funding here after the RE market correction/crash.
As for those who are so offended at comments about how bad the current residents may be, the warnings should be heeded. When looking at 51, I spoke with a woman whose been on the block for many decades and owns the building next to this one (or maybe the one with the ornate railing) and another at the other end of the block she live in. She was asked in the past to buy this place and said no cause she knew how hard it would be to get the residents out. She lives there. It’s not bigotry, it’s real life knowledge of the situation. Pass this one by at this price or at half this price. Just not worth it.
How much would this house be worth without tenants?