434-4th-Street-0909.jpg
It’s hard to guess what you think a property will sell for without seeing some interior photos but since this agent can’t seem to be bothered, we might as well try! On its face, an asking price of $1,200,000 for a single family home in the North Slope seems pretty darn attractive. The listing for the center-staircase house does mention that the place “needs renovation” but doesn’t get any more specific than that. Best guess?
434 4th Street [New Millenium] GMAP P*Shark



What's Your Take? Leave a Comment

Leave a Reply

  1. Saw the house after I posted, (some of you bloggers insist on being spoon fed and love picking “umptions” out your ass)
    very solid building, no columns or arches in the subbasement, no saggy floors, original layout with some details plus 2 blocks from ps 321.

    It does not need a total gut. It needs TLC.
    With 600k you can build a 3 story extension in the yard. 100k tops.

  2. and yes, this will need a top-to-bottom gut. even has the old ’50’s tv antenna on the roof.

    Ya know that old antenna will now get you pristine uncompressed hi-def TV over the air, unlike the compressed crap delivered by your local cable company.

  3. ENY – Thanks for the props.

    5w30 – Thanks for the info.

    winelover – You confuse me. When referring to your own home, you said “the exterior was of zero concern.” Yet, when referring to this house, you said this about the exterior: “…this is DEPRESSING. this is like soul sucking. would be a big bummer to come home to this.” Please explain this double standard.

  4. It is a single family house, brick with brownstone trim. home was recently toned up by the malek guys about 5-6 years ago, but they did a hinky job on the brownstone stairs, which are chipping.
    it was home to a very elderly man until he became infirm a summer or so ago. there’s a nice deep yard.
    and yes, this will need a top-to-bottom gut. even has the old ’50’s tv antenna on the roof. This will be good for a single family; too skinny for a 3+ family. It’s part of a row of similar homes that are all 1-family deals.
    the tree next door is a bradford callery pear that’s probably about 25-30 years old. even has a tag on it from the parks department saying what type of tree it is. i remember seeing them go in as saplings.
    the garage in the picture is not part of the building.
    good neighborhood, active block association, quiet block; the john jay kids don’t frequent it.
    fyi: mopar’s description is like the car parts company his name comes from. dodge-y and close to bankrupt.

  5. propertyshark lists two lis pendens from indymac which appear current. how can one tell (they “expire” in late 2010)? wouldn’t that make this a total shitstorm to try and actually close? that and same family since 1963 + no pics + “needs renovation” = scary. if the owner gets it together with acorn or mortgage restructuring a year or more into “the closing process” will one be looking back and wonder where a year and half of your life went while other properties come and go?

    would be great if someone with lis pendens experience could chime in.

1 2 3 4