House of the Day: 226 Cumberland Street
You’d expect a house on Cumberland Street right off Fort Greene park to be priced higher than $1,150,000, but in the case of 226 Cumberland, the photos make it readily apparent why this one’s not. (This place has actually been on the market for the past year, just not with Elliman.) The four-unit brick building…
You’d expect a house on Cumberland Street right off Fort Greene park to be priced higher than $1,150,000, but in the case of 226 Cumberland, the photos make it readily apparent why this one’s not. (This place has actually been on the market for the past year, just not with Elliman.) The four-unit brick building has an unusual center window layout; it’s also been stripped of whatever original charm it may have once had and is stuck with rental-quality finishes when it comes to the kitchen and baths. For someone who doesn’t care about old architectural details, however, could this price present an opportunity to create a new one- or two-family from scratch?
226 Cumberland Street [Douglas Elliman] GMAP P*Shark
Butterface. This site is so educational. At least for me. I’ve learn crotch fruit and now butterface here. What more can I ask.
what would each of those top three floors rent for each?
I agree with bkny – the 15′ width is what’s holding it back. And what looks like 30′ depth. What does a 450 sqft one-bedroom rent for in Fort Greene? $1000 maybe?
I don’t know, if I had money to buy, this is the kind of place i’d look at as an investment property. What do you need for deposits on investment properties these days? 30%? 25%. And then what’s the interest rate…? Ah, who am I kidding.
The very definition of a butterface.
Note how they hide the exterior:
– http://www.flickr.com/photos/29482262@N07/sets/72157607202986979/
WAIT ONE MINUTE…. Is Brownie and the Brownstoner Community beginning to suggest that you should actually get something better than OK for over a Million Dollars!?!?
This is groundbreaking. Perhaps the NY Times should be contacted!!!
The owner of this building is actually renting several apartments out as short term vacation rentals. I think the C of O says its a 2 family, though. The building looks much worse in person than in these photos.
http://newyork.craigslist.org/brk/vac/1284994519.html
the down side to me is the width & not the details. details can be added but width can’t. it’s just too narrow but it’s definetly priced to sell.
Well, the “duplex” is including a basement/basement, yes? The “first floor” is actually the garden floor, though a bit higher than most garden floors. Looks like four rental units to me. Not a bad price for that, I guess.
Painful and depressing but has potential.