House of the Day: 51 Cambridge Place
It can’t be too easy to get financing for small condo conversions these days, but if you could get the dough together, 51 Cambridge Place in Clinton Hill is already teed up for you. Purchased two years ago for $959,000, the four-story brick house has been gutted and the owner has received approved plans from…
It can’t be too easy to get financing for small condo conversions these days, but if you could get the dough together, 51 Cambridge Place in Clinton Hill is already teed up for you. Purchased two years ago for $959,000, the four-story brick house has been gutted and the owner has received approved plans from LPC for a rear extension that would bring the total square footage up to about 4,500. That said, a gutted house has limited appeal in this market so it’ll be interesting to see if the $1,100,000 price tag sticks.
51 Cambridge Place [Corcoran] GMAP P*Shark
the bldg is listed as sold on corcoran but according to the workers who are renovating the bldg, the previous owner is shelling out for renovations… the plans are for a 2 family. ground level and basement with garden, and top 2 floors with split garden share from a staircase from the back. will the owner occupy? maybe so, will the other unit sell? i just hope they don’t try to cram too many walls in there and make each of the 2 family a 3-4 bdroom, the footprint of this bldg is just too small for that. we’ll keep watching…
Thanks for your response, DIBS. I’ll keep exploring!
LoveBrooklyn…I don’t really know that part of the neighborhood very well. it actually looks to be closer to the Gtrain and quite a hike to the A/C. $646k would depend how nice it is, 3 or 4 storey, etc
DIBS:
Hi……I’m new to posting, but I’ve been following this blog for a few months. I saw a brownstone at 165 Pulaski Street (cross street is Throop), asking $649K. I’m not familiar with this area of Bed Stuy. Any input is appreciated. Thanks much!
Bailout of the day.
***Bid half off peak comps***
“I would buy this if I had the money. Put about 500-700 into it and sell it for 2.1 It is doable. And the lot itself is worth at least 500 so duh don’t expect it to go much lower.”
Woah! Theres still idiots talking flip? LOL
Well do you folks think this is worth more than $900K? $1.1million for a wreak today is a touch delusional…(see Wykoff house in the Corcoran thread it is a nicer location and completely renovated for $1.2million). Now this place does have a descent size, okay location, and nice facade so it can make a nice place when renovated. Maybe Shah will drop price later to move it along but who knows….Man oh man when it rains it pours!
Is he the Broken Angel guy?
Do tell, who is the infamous Shaun Anderson?