House of the Day: 52 South Oxford Street
Um, no. An unrenovated SRO, five stories or not, on South Oxford Street for $2,500,000 in this market? Don’t think so. There’s some nice detail left and, according to the listing, 6,000 square feet of space, but given the headaches and delays associated with the SRO status and the time value of money, we think…
Um, no. An unrenovated SRO, five stories or not, on South Oxford Street for $2,500,000 in this market? Don’t think so. There’s some nice detail left and, according to the listing, 6,000 square feet of space, but given the headaches and delays associated with the SRO status and the time value of money, we think the sellers of 52 South Oxford Street are going to have to come down in price to get a deal done, especially given the unfortunate facades of its two neighbors (both of which serve as useful reminders of the importance of landmarking).
52 South Oxford Street [Clinton Hill RE] GMAP P*Shark
I actually know one of the tenants in this building. Not sure it’s really for sale though…
No, it still wouldn’t be worth 2.5. There are several other 5 stories on the market, some also wide, all with some to a lot of original detail. Most are listed between 2M and 2.25M. None of them are selling.
No. It is ugly, in need of a TON of work and wedged in between two unattractive brick buildings. Can’t begin to guess at how much would need to be dumped into this place to make it right, but minimum 70k per floor. Especially if all electrical and plumbing need to be reworked, which is likely.
No. Way.
It’s got to go south of 2. And believe me, we’ve been looking. And bidding.
Thank you Nokilissa. However you are among a majority of perhaps 3-4 others!!!
So is it the consensus that it is worth $2.5 iff it were not a SRO??
I like daveinbedstuy. Leave him alone.
And can we get back to the house at hand? We drove past it last week and actually chuckled. Couldn’t believe the list.
secondly 3:52, there’s no evidence that you’ve ever added anything positive, constructive or helpful to any post on either the home page or the forum page.
I however have; peppered of course with a lot of other comments just there to annoy you
that was my goal…when i see all these inane comments
Daveinbedstuy — quickly rising to the top of most self-satisfied and annoying commenters on this blog.