House of the Day: 242 Washington Avenue
We had already started to write up 242 Washington Avenue as a House of the Day when it hit us: We’ve been inside that house. We were guests at a lovely al fresco dinner party last summer. In fact, Mrs. B had just been talking about how the owner’s duplex would make a good interiors…
We had already started to write up 242 Washington Avenue as a House of the Day when it hit us: We’ve been inside that house. We were guests at a lovely al fresco dinner party last summer. In fact, Mrs. B had just been talking about how the owner’s duplex would make a good interiors post. Given the conflict of interest, we’ll steer clear of opining about the $2,300,000 asking price, and just say that the owner’s duplex of this five-story, 5,500-square-foot house is really nicely done in a simple but elegant manner. We’ve never seen the upper three rental units, but judging from the photos they’re not as nice. They do, as the listing points out, generate over $50,000 a year in income. This’ll be an interesting one to watch.
242 Washington Avenue [Corcoran] GMAP P*Shark
The comment about the pictures makes no sense. Why would they use the older pics as marketing material if this house in its current state is supposedly worthy of Architectural Digest? Come on.
Does anyone know what the lease situation is? Any stabilized leases?
That’s even MORE DISGUSTING then, that they are trying to market a 2.3 million dollar home with pictures that are YEARS OLD!!!!
Sorry, but totally unacceptable.
And I find it odd, that if the house is so gorgeous now, that they’d post crummy, picture phone looking photos of the house from years ago.
Makes zero sense.
A first impression is everything.
Love it when people post as neighbors and friends, and their post is the first ever with that registration name.
I happen to know the owners. These photos were taken before they moved in! That’s not their furniture, they changed the kitchen, and the photos are weirdly distorted. This is why Mr. B mentions using it as an interiors post–it looks nothing like this.
The house is drop-dead gorgeous, and huge–and no, I’m not a broker.
3:01…rents are heading down as well. The reports just came out last week.
There is no way in h*ll you can get 2500 for these rentals.
You can get a 2 bedroom in PRIME PS for that amount.
I live on the Bowery and if one of you could spare three dollars, I can get a room for tonight. It looks like its going to rain.
It needs at least 700G in renovation. Brings you to 3 mil. Is it worth 3 mil? Maybe, if you’re a long term investor — might be a brilliant investment. But it’s still a steep price for today’s market. Would take deep pockets and a brave soul to go into this.
The rentals are underpriced. . .should be about $2,500K a month each or $90K total per year.
Then it would look like a better deal.
I question the Minksters claim on the annual taxes. If it’s a 4-fam, they should be a lot higher.