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This isn’t really a house, we guess, but there ain’t a whole lot of new properties on the market yet this new year, so we’re working with what we got. This three-story brick building at 667 5th Avenue in Park Slope Greenwood Heights consists of a 1,000-square-foot retail space topped by two market-rate, floor-through rentals. The property, which traded for $879,000 in 2006, will be delivered vacant. The asking price is $1,195,000. Anyone care to hazard guesses for what kind of rent the property could generate so we can do the math on the asking price?
667 5th Avenue [Century 21] GMAP P*Shark


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  1. Ok ok. I’m just so sick of the years of talking about strollers/kids/etc in Park Slope. The thing is…I rarely even notice all the kids, and when I do I usually think how nice it is to live in a neighborhood in NYC which is so accommodating towards raising a family. I consider it an excellent quality in a neighborhood, even though I myself am single and have no children.

    Glad to hear you’re gaying it up down there. Keep up the good work!

  2. 2 renovated apartments = $1500 each (as mentioned earlier)
    commercial space = $50/sq ft or about $4000 / month

    monthly rent = $7000 ……….if your lucky

    mortgage = left leg
    taxes/insurance = right leg
    maintenance = first born

  3. 11217…I definitely meant no disrespect to PS proper. I just am one of those people who don’t like to be around lots of small children. I like PS. I just have no desire to live there. My hood has tons of gays (although I do a pretty good job of ‘gaying up the hood’ on my own), tons of singles and some kids living together just fine. I’m not trying to start up a ‘hood war. I’m simply stating my preferences, which of course are like opinions and assholes…everybody’s got one including me 🙂

  4. I appreciate that you enjoy living here because it’s NOT Park Slope (I think this area is really great also), but I tend to not give too much credit to people who think that living in a neighborhood with children is an annoyance.

    That’s just me though.

    People who are so closed-minded to not like neighborhoods because of children or “yuppies” are not really the kind of people I want to live around anyway. I’m glad I’m 25 blocks north of you where we have tons of kids, tons of gays, and tons of singles living side by side in harmony.

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