House of the Day: 81 Hall Street
You’d be hard-pressed to find a cheaper house in Clinton Hill than 81 Hall Street, a $699,000 blue light special between Myrtle and Park Avenues. The 2,300-square-foot two-family is obviously in dire need of some TLC (the only interior shot available is this one of the ceiling), but perhaps it’ll make sense for some ambitious…
You’d be hard-pressed to find a cheaper house in Clinton Hill than 81 Hall Street, a $699,000 blue light special between Myrtle and Park Avenues. The 2,300-square-foot two-family is obviously in dire need of some TLC (the only interior shot available is this one of the ceiling), but perhaps it’ll make sense for some ambitious do-it-yourselfer. Alternatively, it’s also significantly underbuilt, so there’s definitely the opportunity for a more ambitious makeover with rooftop and/or rear addition. From what we can tell, the property’s been in the same family for the last three decades or so. It’s not exactly prime Clinton Hill, though, so it might take a little flexibility on the seller’s part to get this one done.
81 Hall Street [Century 21] GMAP P*Shark
Photo by Scott Bintner for PropertyShark
The follow-up:
According to ACRIS documents, this property sold for $535,000 at the end of February.
everything about this building says: below poverty line.
Can’t tell without floorplans what this should sell at.
If its really 2300 sq ft then its $300 per sq ft which is pretty cheap for livable space. The condos in the area are all still trying to get $700 per sq ft.
This house is not worth $699,000.
Are you nuts?
$699k is a good buy when a house of the same size on the same block sold for $400k less than a year ago?
You may be right, 8:41, but amazingly enough, the house and many like it are still standing. Perhaps it’s because they aren’t as cheaply built as you say. Over 100 years plus and counting.
Bet one of those suburban wood frame houses in those new developments won’t last half that long, and also could go up in a puff of smoke due to the flammable materials there, too.
OK, it’s not the Pfizer Mansion, and in a better world, it wouldn’t cost as much. But in today’s market, and with the housing stock available, it looks like a good buy for someone with some imagination and more modest means.
Putnamedenizen:
According to Propertyshark, a house of the same size at 85 Hall sold in 2007 for $400k, which is just slightly over half the asking price of this place.
See it now?
You could say the same thing about all the tenement apartment buildings in East Village and Chelsea, Hell’s Kitchen. hard to see the economics of it.
And 8:27 I don’t disagree it “should be” cheaper in some sort of absolute sense, but I don’t see it…
This type of housing stock should not be preserved. It should be replaced. It was cheaply built in the first place with no expectation that it would last more than fifty or so years.
You can spend tens of thousands renovating and upgrading and then watch it burn to the ground in fifteen minutes due to the open stud construction and a hundred years worth of flamable dust and cellulose powder packed between every joist and every piece of lath.