House of the Day: 145 Bergen Street
From what we hear, the market for nice houses in Boerum Hill is still pretty tight. And compared to some houses in the area that have been on the market recently, the $2,000,000 asking price for 145 Bergen is not particularly high. That said, there are too many question marks with this place to feel…
From what we hear, the market for nice houses in Boerum Hill is still pretty tight. And compared to some houses in the area that have been on the market recently, the $2,000,000 asking price for 145 Bergen is not particularly high. That said, there are too many question marks with this place to feel optimistic about its chances of selling at this price. The house had its last major makeover back in 1968 and, given the fact that it’s a four-family rental, it’s unlikely that the interiors are in great shape. (The lack of photos lends credence to that theory.) Has anyone been inside this place?
145 Bergen Street [Craigslist] GMAP P*Shark
3:50… 600k and zero debt.
if you think you could do much better… you probably subscribe to the Wesley Snipes school of income tax payment, and your likely not too familiar with a Net 90, nor the effect of a variety of other things on income.
1.5 million after taxes is 900k, subtract net 90’s, then subtract 3 years cost of living (rent, food, travel, etc…).
not a problem your familiar with im sure.
By her comment at 3:55, it is safe to say that yes, kuroko is missing a chromosome or two.
FYI:
Anyone see this: The CEO of Freddie Mac said housing price drops are only 1/3 done!!!!! 2/3 more of the way to go!!!
http://bigpicture.typepad.com/comments/real_estate_/index.html
Why would you own then sell and then rent?
Isnt that what they call “ass backwards”?
85K is not chicken scratch on a 250k studio owned for 18 months with zero work done on it.
uh…85k is chicken scratch…but thanks.
“all of my assets combined would be 600k”
3:40 I think you suck at business just by reading your comment. You have not been earning 600k a yr for 3 yrs.
thank you very little for your imput
You missed out on serious appreciation in 2007, Kuroko.
I BOUGHT in 2006 and sold in early 2008 and made 85K on the sale of my STUDIO!!!
You sound like you bailed way too early.
This is actually an interesting price for what one poster accurately described as a multiple-unit dwelling. Assuming (a big question mark) that you could legally evict ally 3 tenants, you’d then be looking at a gut reno if you wanted to use this as a 1-family, because it is a GREAT location (possibly my favorite part of brownstone Brooklyn).
Could you gut this place for under 1 mm? That seems to be the question. Otherwise, as another poster also correctly noted, you’re going to be living in a 1 br with 3 tenants…