House of the Day: 52 South Oxford, Reduced and Revisited
Fifteen months and a million dollars later, the seller of 52 South Oxford Street is finally getting real. When the 6,000-square-foot brownstone hit the market in April 2008 asking $2,500,000 we had the following to say: “Um, no. An unrenovated SRO, five stories or not, on South Oxford Street for $2,500,000 in this market? Don’t…
Fifteen months and a million dollars later, the seller of 52 South Oxford Street is finally getting real. When the 6,000-square-foot brownstone hit the market in April 2008 asking $2,500,000 we had the following to say: “Um, no. An unrenovated SRO, five stories or not, on South Oxford Street for $2,500,000 in this market? Don’t think so.” According to the current listing, the “property has obtained a permanent exemption regarding the Certificate of Non-Harassment” and will be delivered vacant, which is good news for both the seller and potential buyer. Based upon the video (which is a very effective tool in this case) that the current broker has made, it actually looks like an amazing project for someone with patience and money. Fantastic bones. Who’s gonna go for it? The seller’s motivated!
52 South Oxford Street [Burkesworks] GMAP P*Shark
House of the Day: 52 South Oxford Street [Brownstoner]
Is there visible water damage to the ceilings or do my eyes deceive me? Charmless facade, but…that can be an advantage, like a rich person dressing down. Way down.
Unfortunately, given its prior SRO-status the house is severely delapidated. The few remaining details are typically nice, but really not sufficient to warrant any signficant remodeling. What I would do is sell for salvage what remains, and make the place rent-worthy. This property is best served as a multiple-dwelling, as others have indicated.
Dave, when did my architect show you my plans? (And I’ll have you know I’m an undertaker not a caretaker so the English basement will be the mortuary.)
If I remember correctly, there is no kitchen to renovate. Everything has to be done, plumbing, electricity, kitchen(s), garden, facade, etc. You wouldn’t want to do some cheap home depot job either, it would be criminal, when no-one has messed it up so far.
Having seen 190 and 202 Clermont, these are completely different animals. 190 is a horror show, everything that is wrong with a nasty reno. 202 is lovely if you like Federal style, it’s also half the size of the Hotd.
I can already see what’s going to happen given the cast of usual posters here. There will be a kitchen installed on the parlour level and it’ll be done with granite and high end stainless fixtures. The upstairs rooms will be made into large bedrooms and each one will appropriately have its own bathroom, thus utterly destroying the historic fabric of this home.
You people have to realize that you are just caretakers. Anything done to incorporate modern amenities will make this house totally unsaleable after the mutant asset bubble crash is over and home prices begin to rise.
You are all obscene and tacky. You can take the suburbanites out of the suburbs….
This will fly off the shelf at 1.5 while fools still last. The location is fuckin’ golden (that’s what you’re paying for here)! But comps will eventually duck under a mil.
***Bid half off peak comps***
If I remember correctly, there is no kitchen to renovate. Everything has to be done, plumbing, electricity, kitchen(s), garden, facade, etc. You wouldn’t want to do some cheap home depot job either, it would be criminal, when no-one has messed it up so far.
“probably with me and C Gar”
‘n sync yet again bxgrl. I’m more concerned about what needs to be done to the inside – and how much detail remains – than the facade. We can fix the facade later.
Man it would be awesome, bxgrl. I think I’d definitely have to walk around in a smoking jacket.