House of the Day: 552 47th Street
A concerned reader sent in these photos after a recent visit she took to 552 47th Street, a dripping-with-charm but down-on-its-luck limestone house in Bay Ridge Sunset Park. Why concerned? She’s worried that someone who doesn’t appreciate the incredible interiors will pick the place up at a discount to the $720,000 asking price and gut…
A concerned reader sent in these photos after a recent visit she took to 552 47th Street, a dripping-with-charm but down-on-its-luck limestone house in Bay Ridge Sunset Park. Why concerned? She’s worried that someone who doesn’t appreciate the incredible interiors will pick the place up at a discount to the $720,000 asking price and gut it. Given these photos, we can only hope that doesn’t happen. What an incredible place! Any preservationists out there itching for a restoration project?
552 47th Street [ReMax] GMAP P*Shark
Well, at least I don’t have to have buyer’s remorse now. Can’t afford Sunset Park!
Up to a million? Jeepers. Thanks for all the info, Rick.
thanks Rick. Scratched it off the list and onto another fixer forthcoming
I’m gonna buy it and gut it. Just to bust y’alls balls. lol.
Did you read my first post? I said “It will need basic plumbing and electrical upgrades” not complete replacement. It is functional. In my experience, new home owners are eager to make upgrades before they move in. It really depends on the homeowners plans for the building. The electric is all really old and will need additional circuits and a new breaker box. To answer M4L question, I know for a fact there are offers in the high 600’s for the house. Before the bust, houses were trading up to a million. Floor through rentals fetch $1500-$1850.
mopar, you have a good deal with that house. don’t let what “might” be better give you buyer’s remorse. besides, this one is currently asking 720k – not the 500k I’m throwing around
I am rather sorry we are closing on another house tomorrow. I like this place!
What’s a three-bedroom floor-through apt go for in this area?
As for the electrical, can you safely put in just a few new lines for the fridge and air conditioning, instead of replacing everything? My coop did that, and everything they did was up to code and the work was done by licensed electricians.