House of the Day: 306 Washington Avenue
This five-story brownstone at 306 Washington Avenue in Clinton Hill is an impressive place. Owned by the same person for the last three decades, the house has beaucoup original detail—crown moldings, pier mirrors, the whole nine yards. The only downer is the fact that it’s a four family house and the three floor-through apartments are…
This five-story brownstone at 306 Washington Avenue in Clinton Hill is an impressive place. Owned by the same person for the last three decades, the house has beaucoup original detail—crown moldings, pier mirrors, the whole nine yards. The only downer is the fact that it’s a four family house and the three floor-through apartments are generating a measly $3,021 per month. Given the cost of converting to, say, a two-family, the $2,300,000 asking price might be a bit on the high side. What do you think?
306 Washington Avenue [Douglas Elliman] GMAP P*Shark
1:56 that is the highest amount I would pay for the house being that is what I think it is worth tops right now given that area that it is in. You sound very bitter about something! What could it be?
1- you purchasd at the peak?
2- you are upside down in your mortgage?
3- You are just starting to realize that just becouse you read a Donald Trump book does not make you a real estate guru?
2:06 they can toss out the rent stabilized tennanats if they plan on using the space for personal use but its going to be costly legal fees.
Armchairwarrior,
there are a lot of people who don’t want to live in park slope even though they can afford it. For many of us it is because we don’t want to have neighbors who cannot comprehend that there is any place else in the world worth living in.
North Slope house? You obviously haven’t walked around CH/FG. Much quiter, a villiage feel with better brownstones and fewer, but better, restaurants also.
Given the typical rent increases on rent stabilized units, how long would it be before these hit the magic destabilizing number? 10 years? 15? That’s a long time to be losing beaucoup bucks every month.
1.29 – reading comprehension
Oh I don’t know 2.05, 1.56’s comments are not very useful. Nobody will ever sell that house for $1.45 or $1.6 even with the rc. It is easily a 2mil house.
…and crime spike??? What a load of bs.
I believe if the owner intends to occupy the rest of the house, then the tenants can be evicted if they are rent stabilized. (recall the LES “mansion” flap going on). But that would be a fight for someone with a strong stomach, deep pockets and a good lawyer.
As for bumping up the RS rate, it’s all based on improvements and annual allowable hikes.
This house is a deal if the apts are market rate. Otherwise, maybe not.
Wow, you people sure are greedy and spiteful. Thank goodness for rent stabilization. I wish the renters a sweet long life in this place.
not interested