House of the Day: 1182 Bushwick Avenue
How far the not-so-mighty have fallen! This four-story house at 1182 Bushwick Avenue in, you guessed it, Bushwick, was tapped as an Open House Pick last June when its asking price was $925,000. Today, the four-family can be yours for the rather reduced price of $599,000. Holy 46 percent reduction, Batman! This could be starting…
How far the not-so-mighty have fallen! This four-story house at 1182 Bushwick Avenue in, you guessed it, Bushwick, was tapped as an Open House Pick last June when its asking price was $925,000. Today, the four-family can be yours for the rather reduced price of $599,000. Holy 46 percent reduction, Batman! This could be starting to look pretty interesting, given that the interior, while admittedly musty, has plenty of intact detail and the numbers look like they work. At this price, a buyer would be looking at about $2,000 a month in mortgage costs plus another $800 or so in taxes and insurance and another $500 in utilities and miscellaneous expenses. So you could, theoretically, move into one floor, rent the other three for, say, $1,000 a month and live almost for free. Is our math right?
1182 Bushwick Avenue [Century 21] GMAP P*Shark
“And got a lot more where that came from. This year’s project is a makeover for the interior of my 1,500 sq. ft. garage!!!!”
Don’t hurt ’em MC Hammer!
***Bid half off peak comps***
And got a lot more where that came from. This year’s project is a makeover for the interior of my 1,500 sq. ft. garage!!!!
Keep on waiting for that house you’re never gonna get!!!!
“…a new kitchen, 2 new baths, a deck and a nice yard…”
Yeah, I was right. You did spend something on reno.
***Bid half off peak comps***
“this sounds like a story dibs knows all too well…”
Laughing out loud.
***Bid half off peak comps***
My feud is with cornerbodega’s lack of understanding of the basic financial aspects of homeownership given his continued uneducated commentary. Whether he thinks Stuyvesant heights is a ghetto or not is his sheer stupidity but secondary.
You can always buy me a drink though.
mopar,there are significant differences in taxes, fire/safety and other laws for 2 units vs greater. Just do due diligence. For instance, boiler room has to be enclosed.
Looks like a good one to convert to 2 rentals +owner’s duplex (put master bath where kitchen is) but then if you do it formally, the change in CO is supposedly a bitch.
Serpentor, I love the 1,2,3,3
Dave, come on –how is anything you write apposite to anything but your private feud over whether you live in a ghetto? I’m not bitter; I might be buying a house. After that, I’ll buy you a drink. Deal?
Just trying to educate that dumb racist bastard, cornerbodega, Whuh. Nothing for you to worry your little head over.
Seems the two of you can never actually comment on the actual topic of a thread…just throw out your typical crap and sound so bitter. Sad, really.