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
A four-unit building is a multiple dwelling, it is not a house.
This place is a BARGAIN. You people are insane.
It’s highly unlikely (though not impossible) that these are RC or rent-stabilized apts.
There are no kitchen or bath shots, which suggests they need upgrading. Combine that with a new owner’s likely need to reconfigure the place to have more than a duplex, and get a new C of 0, and this price seems high.
I think the ‘measley’ reference is because from the brokers description it sounds like the rent roll is $3,021 on all three apartments, only $1,000 each, and therefore, not market rate. Measley indeed.
1:29 #1 here. I have a tasty foot. $3,021 total.
place is nice but it would be foolish to pay that sort of a price for Clinton Hill. Place is worth around 1.6 and with the crime spike in Clinton area I would offer 1.45.
1:29, $1,000 per month for a full floor rental in this location is measly. It should be twice that.
Looks like a nice grand brownstone…
It may have some original mantles and mirrors but it’s clearly lost most of the original architectural details that are harder to put back. What’s with that hideous division of the front and back parlors and the horrid attempt at restoring the entry way. The floor plans of the 3 rentals are also too poorly designed to generate the high rents you’ll need to fund fixing this place.