House of the Day: 135 Lafayette Avenue
This five-story, 5,810-square-foot townhouse at 135 Lafayette Avenue in Fort Greene hit the market a couple of weeks ago with a price tag of $2,875,000, unusually expensive for house not on a park block. The house has been updated in a tasteful way and looks particularly spacious in the new Corcoran full-screen photo viewer. On…
This five-story, 5,810-square-foot townhouse at 135 Lafayette Avenue in Fort Greene hit the market a couple of weeks ago with a price tag of $2,875,000, unusually expensive for house not on a park block. The house has been updated in a tasteful way and looks particularly spacious in the new Corcoran full-screen photo viewer. On the downside, it’s right next door to a less-than-scenic deli and doesn’t have much of a backyard to speak of. Reactions?
135 Lafayette Avenue [Corcoran] GMAP P*Shark
Assuming you could haul in $5,000 a month from the rentals, you could live in the duplex for around $8750 a month net.
Doesn’t sound like a good deal to me. This thing needs to be close to $2m for the numbers to make sense.
I have to say… (1) it’s not worth even *close* to that amount… but (2) I would probably have wet spot in my short of someone said I could live there.
Totally absurd.
AND, it looks to have engineered flooring throughout. Like walking on plastic. Oh, I forgot, that stuff IS plastic.
It seems more like an investment property to me. At $2.875MM though you’d have to bring in over $14,000 to get a 6% gross yield.
I have to say that’s a pretty nice set-up a really decent 2 BR apt plus the carriage house — and 3 rentals can really cover a lot of mortgage. (If you can handle living with that many other people around you.)
Personally I don’t mind the lack of “original detail.” You assume that there was anything left to preserve.
And as long as the deli deos not have a rat problem, the lack of chi-chi-ness is A-OK.
“The facade is beautiful though. Too bad for the inside.”
The curtain doesn’t match the carpet.
Can’t see why this house would even approach remotely the asking price. Just makes no sense. Maybe they think the fact that its four units makes it a good investment.
Not to mention what THL said. The facade is beautiful though. Too bad for the inside.