House of the Day: 112 Lefferts Place
At first glance, a brownstone on Lefferts Place in Clinton Hill for under a million bucks sounds worth looking into; upon closer inspection, however, the fact that the house at 112 Lefferts Place is only 16 feet wide and not exactly looking in tip-top shape makes the $985,000 asking price far from a lay-up. It’s…
At first glance, a brownstone on Lefferts Place in Clinton Hill for under a million bucks sounds worth looking into; upon closer inspection, however, the fact that the house at 112 Lefferts Place is only 16 feet wide and not exactly looking in tip-top shape makes the $985,000 asking price far from a lay-up. It’s also hard to tell what the legal status of the house is: The listing refers to the existence of five separate gas meters and mentions that it “can easily be converted to a 4 family” but Property Shark records show that it’s a two-family. The lack of interior photos on the listing doesn’t inspire confidence either. Anyone seen this place on the inside?
112 Lefferts Place [Washington Realty] GMAP P*Shark
My post above doesn’t make sense…well some of it does. I should have proof read it.
This is what I wanted to say:
Since Eskimo is the realtor, you would expect them to do the work in best showcasing a listing. He directs us to NY Times and Craigslist for pictures, instead of providing the links.
NY Times – The link provided by Brownstoner
http://realestate.nytimes.com/sales/detail/25-NY572A8E/112-LEFFERTS-PLACE-NY-11238
Craigslist
http://newyork.craigslist.org/brk/rfs/770560941.html
NO PICTURES!!!!
Eskimo – Why is a legal two family set up as a four, and I’m assuming work was done without a permit, cause there was no filing with DOB.
Tsk…Tsk!
This house is not worth the headache.
Since Eskimo is the realtor, you would expect them to do the work in best showcasing a listing. He directs us to NY Times and Craigslist for pictures, instead of providing the links.
NY Times – The link provided by Brownstoner
http://realestate.nytimes.com/sales/detail/25-NY572A8E/112-LEFFERTS-PLACE-NY-11238
Craigslist
Since Eskimo is the realtor, you would expect them to do the work in best showcasing a listing. The public wants pictures and he/she Here is the link to the NY Times listing that Eskimo was referring to:
http://realestate.nytimes.com/sales/detail/25-NY572A8E/112-LEFFERTS-PLACE-NY-11238
NO PICTURES!!!!
Eskimo – Why is a legal two family set up as a four, and I’m assuming work was done without a permit, cause there was no filing with DOB.
Tsk…Tsk!
This house is not worth the headache.
Hello Brownstoner’s,
I’m the listing agent for 112 Lefferts and I just wanted to make a few comments on the previous blogs. 1st I do have pictures of the interior. You can find it on NYTimes website and Craigslist. The top 3 floors consist of 3 new bathrooms and are set-up as 1 bedrooms each, recess lighting and new oak wood flooring throughout. The duplex will be delivered “as is”. I said “can be converted into a 4 family” because of the number of units. There are already separate gas and electrical meters in place. I would be more than happy to show the work that has been done to 112 Lefferts by appointment or stop by at the next open house.
Thanks, Eskimo (p.s. thanks wasder!)
“all the major jumbo lenders are starting to see credit deterioration on their books”
I think you’re about 6 months behind in your observations. Additionally, bank stocks have rebounded as they always do looking 6-12 months into the future. Merrill’s debt sale has put a price on the CDOs. You bet against the market, and financials in particular, at your peril.
BAC 8% yield…dividend maintained, buying back stock.
wow. 12 comments on a house of the day. fyi folks, i don’t pretend to be of the calibar of the what, but i do know banks in the region. all the major jumbo lenders are starting to see credit deterioration on their books. this looks like the nail in the coffin for a few years. not calling for any epic price declines, but i would think it is way more likely than increases for some time to come.
nice place
Money, meet pit.
It’s 16 ft but 5 stories. And the owner is renovating. So is was in really (really) bad shape but it’s also under renovation.
It’s a legal 2 family so in reality its worth 750 tops.