House of the Day: 100 Lefferts Place
Why anyone would even considering paying over $2 million for a three-story house on Classon when they could pick up a five-story place on Lefferts Place for $1.8 million is beyond us. Granted there are no interior pics and the Lefferts Hotel is just down the block, but we’re willing to take this BHS broker’s…
Why anyone would even considering paying over $2 million for a three-story house on Classon when they could pick up a five-story place on Lefferts Place for $1.8 million is beyond us. Granted there are no interior pics and the Lefferts Hotel is just down the block, but we’re willing to take this BHS broker’s word that the 6,100-square-foot house is chock-full of period details. Given that it’s been chopped up into five floor-through apartments, though, we also bet it’s far from in perfect shape. Nonetheless, this could be an interesting condo conversion play. Agree?
100 Lefferts Place [Brown Harris Stevens] GMAP P*Shark
” what does sketchy” really mean? It’s become the new code word here and on Brooklynian.”
On this site, as on Brooklynian, it’s often used to imply the presence of people of color.
most of these renters dont know and have never seen a house “gutted” before.
THIS HOUSE DOSE NOT NEED TO BE GUTTED
But what does “sketchy” really mean? It’s become the new code word here and on Brooklynian. I translate it as “a place with nice looking houses and/or cheap rent, in a lower income minority neighborhood”. And that’s being polite.
People getting shot anywhere, is wrong, unfortunate, and tragic. I don’t remember too many details of this shooting, but it wasn’t random, as I recall. Someone can be targeted by those who want to do them harm in any neighborhood.
From the pictures of the apartment for rent in the link above, looks in fair shape to me. I’d have to strip all of that white paint from the woodwork, but the house looks to be quite intact. Anyone spending another million to do it over must gilding every surface in platinum and gold.
While not arguing if the sale price is too high, or even appropriate for the neighborhood, I don’t see why a seller should feel obligated to lower his price just to accommodate a buyer’s future plans.
Most of the posters complaining were priced out of brooklyn years ago and till this day they are still shocked when they see these 08 price tags when they visit brownstoner.
Serious buyers pay them no mind they are miserable and need attention.
5:01…you think 1.8 million dollars is a STEAL for a house that would need to be gutted in a fringe area????
are you bill gates?
please wake up.
The Craigslist posting says it rents for $1700 a floor. So, the rent roll is $8500 per month. If that is right, then it should sell for around 1 million, where your mortgage interest plus heat and taxes would come to about that much.
Worth 1 million.
Don’t know why you have to suggest condo conversion, Brownstoner. Seems you are are always wishing people will get thrown out of their apartments. (Yes, renters are people, too, are often quite successful, not the losers people here imply, who for various reasons can’t or don’t want to buy, or not to buy at this point in time and in their lives – hell, it is their choice what to spend their money and time on, and most brownstone owners rely on them to exist to pay some of their mortgages anyway.) If it is occupied as a one-family now, perhaps someone will want to live in it as a one-family – buyers now overpay (v. renting) right now anyway, or rent out some floors for income (as many brownstone buyers buying now do, even though it is not really cost-effective with the high prices and rents lower relative to the prices – they are motivated by just wanting to own their house, or by the belief that values and/or rents will go up over time, or both, all fine for them too – it’s their life.) And if you make that suggestion because of the price, well, it is priced to high to convert and reno and sell for a profit anyway.
location, location, location.
sucks, sucks, sucks.