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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. This house could be great. A good architect with experience at landmarks could propose a rooftop addition and more windows, maybe a orojecting bay, on the side wall. On top of the garage I can see a beautiful garden, maybe with a fancy period style conservatory. The garage could be made prettier too. Gut rehabs are the way to go with these formerly crappy buildings.

  2. 9/17/07 – Deed for $1.75MM

    12/31/07 – Get canned from Merrill Lynch

    03/03/08 – Realize in over head with expensive gut reno, list with shitty local R/E broker at insane mark-up to basis.

    06/03/08 – No bites, price chop by $500k

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