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]
Ha ha ha ha, Rob!
At this asking price, and the clear message the seller is motivated, this house is going to sell, and soon.
You could have an owner duplex, one floor-through and an upper duplex or three floor-through rentals. if I had 9 more lives, I might be tempted to take on this project.
I’m sure it will get a big renovation and look great!
Given where it’s wedged, there’s no way I’d restore it….you’d never get your money back. A Brooklyn brownstone apartment renter willing to pay a premium for the distinction aint gonna pay said premium to live sandwiched between shit that looks like queens. I’d renovate, chop and rent it out.
tyburg6- probably with me and C Gar!
Shouldn’t be impossible to put back some facade detail either.
It is 5 stories… 16 bathrooms are pretty much required.
So, $1.5 million and taxes are $60/mo? Am I reading this right? I seriously wish I had money. I would move into this place in a heartbeat. Seriously.
I’d renovate a kitchen and a bathroom and rock this place.
I visited this house back when the price was $1.8M or so. It’s huge, the house just goes on and on. The parlor floor has lovely details, and the stairs woodwork is simply gorgeous. The upstairs has been cut up cheaply with hot plate set ups in the closets. The cellar has spectacular stone arches, and would make an amazing jazz club/speakeasy (as a movie set, of course.)
The downside is that the facade is pretty charmless, and the neighboring buildings are pretty ugly. It has a great location otherwise.
Now it would be a fantastic mansion for someone who has millions in cash. But then, wouldn’t they prefer to buy an already done house for 2.5M? In this credit environmentthe pool of potential buyers is quite narrow.
It needs a ton of work!!!!
quote:
But it probably has 16 bathrooms
for some freaks that’s an amenity. hopefully 8 of those are en suite tho
*rob*
I love the place- work or no. If someone had the moeny to restore it, it would be gorgeous. And that includes the kitchen with beautiful wood cabinets, stainless appliances and granite countertops.