242-Washington-Avenue-Brooklyn-0108.jpg
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


What's Your Take? Leave a Comment

Leave a Reply

  1. You know, I have lived in NYC for over 20 years.

    Some of you have lived here longer, some less.

    In any event, just step back for a second and take a look at city and ask yourselves:

    “Is it worth leveraging my future to ‘own’ a piece of real estate in NYC? Is it worth it, particularly in an uncertain economic climate (at best)? Do I really ‘own’ my property, or am I merely renting from the bank?”

    “Will I own my property, or will my property own me?”

    Folks, the emperor isn’t naked, but he’s damn close.

  2. Ya know, that’s a good question about what to serve at an open house. Call it a liability issue, but I’ve always thought it would be a good idea to have a light, dry white wine–maybe something Italian. Get a coupla drinks in ’em. Works in comedy, right? –Ted

  3. re: the President Street place – I don’t know how this could work because I don’t really understand the process, but (and I am serious here) could there be a money laundering scheme going on? I mean, it is such a crazy price that it is actually suspicious.

1 2 3 4 5 21