House of the Day: 55 Cambridge Place
Fire sale! This four-story brick at 55 Cambridge Place in Clinton Hill just got its second major price cut, one that should put it on the radar screen of many buyers. The three-family house was listed in early December at $1,500,000 before getting cut two weeks later to $1,300,000. Then just last week the price…
Fire sale! This four-story brick at 55 Cambridge Place in Clinton Hill just got its second major price cut, one that should put it on the radar screen of many buyers. The three-family house was listed in early December at $1,500,000 before getting cut two weeks later to $1,300,000. Then just last week the price was whacked down to $1,095,000. At a mortgage rate of 5 percent and rental income of $1,500 per rental apartment, you could be living in the owner’s duplex for under $1,500 a month including taxes and insurance if you can come up with $300,000 down.
55 Cambridge Place [Warburg] GMAP P*Shark
Don’t get the layout. Does the top floor tenant enter thru the bedroom? And the III floor tenant have to go thru the common hallway to get to his bath?
Also, the duplex has a “dining room” and 2 liv rooms but no bedrooms? Also has to use common hallway?
The obsession with skittles is because of exclusion????
shillstoner….that may not be your world, which is unfortunate, but there are plenty of people who are fiscally more responsible and can do that sort of thing.
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The What (Taste the rainbow!)
Someday this war is gonna end…
2 bedroom on the UES for $1500 a month?
You are smokin’ some serious crack cocaine.
The cheapest decent 1 bedroom on the UES I’ve heard of (n this site last week) was $1600.
Whuh….when you can’t talk intelligently about real estate finance, best not to join in at all.
Wow, this could be phenomenal. The details are fantastic. I also love that the kitchen is untouched so that the new owners can redo it to their taste.
I’m really digging this one big time.
“At a mortgage rate of 5 percent and rental income of $1,500 per rental apartment, you could be living in the owner’s duplex for under $1,500 a month including taxes and insurance if you can come up with $300,000 down.”
And who said you were just a big out-and-out shill?
Because Bed Sty and UES are interchangeable. Better learn your market first.