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We all know that Boerum Hill is hot (as hot as anything can be called in this market, that is), but is it really hot enough to justify a three-story gut job asking $2,495,000? Don’t think so. This is a nice looking house from the outside and all, and the three-slot parking garage is worth a premium as well, but still…all the current owner has done is get the project approved by DOB and Landmarks and put in new steel beams. What are we missing here?
150 Bond Street [Brooklyn Bridge Realty] GMAP P*Shark


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  1. There is neither the political will nor the available capital to make Gowanus “take off’ any time soon.

    Boymelgreen has already canceled his plans and is trying to sell his land in Gowanus, and I think that is a pretty good indicator of the way things are going to go for a (possibly very long) while.

  2. There used to be a candy store on the first floor and I don’t think the stoop is original to the house. I don’t remember there being garages there either so maybe its not landmarked.

  3. Does anyone who doesn’t talk in broker-speak (which excludes 4:52 above) really believe that the environmental mess that is gowanus is actually going to “take off” any time in the foreseeable future? Its an EPA clean-up site!

    There’s developing an undeveloped area (can happen fairly fast); then there’s developing an environmental disaster – a wholly different thing.

  4. There is no additional value added with the permits and demolition as the house is now a non-habitable shell. It worth slightly more than the land it is occupying, or approx. $200 per sq foot.

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