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
have to get a certificate of non harassment, which is at least a 6 month process.
what does SRO mean? what do you have to do to convert it to a 1 or 2 family house?
Then how about perching a couple if pink flamingos on that roof line.
that wouldn’t be “contextual” with the eye-sores on either side of it!
How about slapping a cornice on that thing.
$995k.
The details are there but don’t underestimate the cost of renovating a place like this that likely has not had major improvements to plumbing, electricty, etc. for years. If you’re trying to save the old details while doing that stuff, it makes the process even more expensive.
Forget the unfortunate facade of its two neighbors. Its own skin ain’t too purdy either.
I think it will sell for ask.
6000 sf is a ton. Great location too. One of the best.