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At last—a house in Carroll Gardens for under $3 million! Granted it took a 16-foot-wide fixer upper that’s actually on the Cobble Hill side of Degraw Street to do it, but no need to nit-pik. This one’s quite a bit less than $3 million ($1,599,000 to be exact) but it sounds like it’s going to need a full reno. There are no photos up on the Corcoran listing yet. Another interesting fact: The current owners just bought this place last August for an undisclosed amount and there’s mention on PropertyShark that the property was supposed to have come up for auction back in January. Anyone know what’s going on?
317 Degraw Street [Corcoran] GMAP P*Shark


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  1. 2:48 said:

    “Quite strange that this site would feature a HOTD that doesn’t even have its pics up yet. It was only listed yesterday, as per Streeteasy. ”

    Because it’s about driving up traffic and there’s obviously hope a heated debate will erupt over Carroll Gardens again. It’s not about the HOTD being something actually worth discussing, anymore.

    I’m another fan of small houses and NOT having a house full of renters. We have a small house, not narrow but small.

  2. Something tells me YOUNG MONEY fresh out of grad school isn’t going to want a piece of crap fixer upper in a declining market in this neighborhood. They like new condos in Manhattan and Williamsburg.

  3. There’s a lot of money in New York but not only that, do you want to know the secret? There is a lot of YOUNG MONEY here. Young adults, out of graduate school, sucking in the big, big bucks. That is what makes NY unique. That’s why these properties are going for the heavy dough. NYC is a great place. But it’s no place for pessimists.

  4. 3:38 — I’ve seen the Citihabitats house for $1.495. Photos suggest it’s much much nicer than it is in reality (it doesn’t help that there’s really dirty tenants living there). It’s currently configured as two duplexes, but each one is pretty small. We’d thought about converting into a triplex plus basement rental (as suggested by the broker), but the basement is more than 50% below ground so would not be legal to do that (and would also involve moving the kitchen down there, currently on first floor). There also appear to be roof issues, as there were huge water marks on the ceiling and walls on the top floor. Were told the tenants’ leases were up, but of course, you also have the problem of trying to get them out (and none of them were too happy about having prospective buyers come and look at the place). Could be nice if done well, but it will cost packet to renovate.

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