House of the Day: 132 Cambridge Place
Well, there’s not a lot we can say about this three-story house at 132 Cambridge Place other than the asking price of $599,000 has got to be the lowest price we’ve seen for a house seen in Clinton Hill in years. The three-family house is bound to need a considerable amount of work, but we…
Well, there’s not a lot we can say about this three-story house at 132 Cambridge Place other than the asking price of $599,000 has got to be the lowest price we’ve seen for a house seen in Clinton Hill in years. The three-family house is bound to need a considerable amount of work, but we wouldn’t be surprised if there’s an historic facade lurking behind the linoleum siding. (And if there’s not, LPC will make you recreate one!) Has anyone been inside?
132 Cambridge Place [Century 21] GMAP P*Shark
Photo by Scott Bintner for Property Shark
CobbleHilller –
The Park Slope place has a lot almost double the size and R6 zoning (and no Landmark) – that one is being marketed as a tear-down.
Missing big yellow dots on the facade….
Anyone have any idea what it would cost to either clapboard or handiplank the rear facade of a frame house which is currently covered by asphalt shingle? Would be about 650 square feet. The front facade is clapboard and looks great. The rear looks terrible.
CobleHilller (not the original cobblehiller btw) that’s about as useful as tits on a boar.
The ECB violation is not a big deal. Nothing a boiler repair company can’t remedy.
If this was in Park Slope, it would be 1.6M
http://realestate.nytimes.com/sales/detail/2942-C21BL20168/16-ST-NY-11215
As noted, the big ifs are tenant and violation issues. If they can be cleared up relatively easily, this is a pretty good deal for someone with money and time.
I’d guess, conservatively, that you could restore the facade for around 60k, including a cornice and new windows. As for the interior and mechanicals, if you assumed the worst and did a gut, guessing 100k per floor. So for around $1 million you have a pretty nice wood-frame house in a decent neighborhood.
Wonder what the comps would be for a move-in condition 1 family in this area? Think I’ve seen 1.2 to 1.4 million asking prices.
for your “medium density” program Pole??? Forgive me if that wasn’t you spouting that a few weeks ago but I’m sure it was.
The place should be bulldozed. I like the apartment building to the left. Far more socially useful and attractive.