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
armchairwarrior is correct. that price will get you a north slope house.
Sounds like a perfect opportunity for somebody who loves spending lots of time in court.
This building is Rent Stabilized. See link http://www.tenant.net/DHCR/dhcraddr/rent.html
I don’t know the rent stabilization laws. If this place does have rent controlled/stabilized apartments, can the buyer get them out if they want to change it to a 1, 2, or 3 family? Do the rent laws allow you to change the use of the building?
Why the hostility, 1:56? The poster just offered his opinion, regardless of how serious it may be, of the property, which is the whole point of HOTD – to let people look at different properties and offer their opinions about them. It’s comments like yours – angry and demeaning – that lower the quality of this site.
According to Property Shark, the units are rent stabilized, which means that, with patience, they will eventually go up in price. Washington Ave. is very impressive and the prices will go up as people get priced out of Fort Greene but are not ready to venture into Bed Stuy.
I’d say that this will go for 1.8-1.9. Not many people will want to take on the rent stabilized units. That’s my guess.
What do you think?
please clarify, 1:33, what you mean by “I would offer 1.45”
You would offer it if….
1- you somehow earned the additional 1,449,990 you need to make an offer like that
2- you plan on literally offering $1.45, which is about what you can afford
or
3- you’re just another douche talking out his ass about properties you cannot not nor ever will be able to come close to affording.
for that price i could get a nice north slope house and with change!!!
Asking price seems too cheap to me. Unless the house needs major structural and cosmetic work and also the tenants are problems (rc, rs, unevictable for some other reason.) Otherwise the brokers need to explain the discount. 5 story homes have gone for much more.