House of the Day: 146 6th Avenue Revisited
This house at 146 6th Avenue in Park Slope was a house of the day pick back in June 2008 when it was listed for $2,750,000 in the NY TImes. It clearly didn’t sell, because after a long break it’s back on the market again for $2,295,000. The house hasn’t changed hands since 1979, and…
This house at 146 6th Avenue in Park Slope was a house of the day pick back in June 2008 when it was listed for $2,750,000 in the NY TImes. It clearly didn’t sell, because after a long break it’s back on the market again for $2,295,000. The house hasn’t changed hands since 1979, and a commenter back in the original HOTD thread made a reference to some personal conflict between the owners that might have been complicating the sales process. That first listing didn’t include any interior photos, so we feared the worst, but the photos in this new Elliman listing show a space that’s much nicer than we expected. Lots of original details, and a sprinkler system to boot. For a corner three-family house, the taxes listed on Property Shark of $7,626 sound low. You liking this place at this price?
146 6th Avenue [Douglas Elliman] GMAP P*Shark
House of the Day: 146 6th Avenue [Brownstoner]
Closer and closer, Maly. I’d say peak comps were 2.5 for this puppy.
***Bill Thompson for Mayor***
Maly, if that house had an English basement it was meant for a dead Englishman, because it was 90% below grade.
propshark says it is 20′ wide…and people calling it a bit narrow? is the 20′ wide not accurate? and with side window (facing south) surprised saying dark…perhaps was darkly decorated with curtains before?
If not a regulated bldg BrkGreene, landlord can end tenancy no matter where he/she currently resides. This is 3 family and only way you would have a regulated tenant is if had been there before most Brownstoner readers were born.
Were peak comps $3.8M on houses that need a million dollar of work?
That’s pretty crazy.
In any case, gut renovation jobs are likely to suffer the most in these tight-credit times, as developers are much less likely to speculate, and owner-occupants can’t really finance this sort of work.
antidope, why are you assuming a 10k mortgage?
***Bill Thompson for Mayor***
Posted by: Brownstones Half Off at October 13, 2009 2:15 PM
Talk about the clueless!!!!!
At press time of this comment, average widget is around $1.9M. Closer and closer to half off peak comps. But sadly, we haven’t parsed out the clueless so someone will overpay.
***Bill Thompson for Mayor***
“this house looks like it could be nice, but it explains why houses that are turn-key seem to be moving faster in this market.
Posted by: antidope at October 13, 2009 1:48 PM”
turn-keys are moving faster because prospective buyers won’t have to pay cash for the updates. Have it on a mortgage and you can pay it off over 30 years, get it done yourself and it’s cash money now. The higher deposit requirements compound this.
I guess I should keep my mouth shut since this house isn’t my taste. The house is a bit narrow and yes, cut up. I wouldn’t say it is “dank”, just that the ground floor is dark and a bit depressing. Yes, it really needs a big renovation. The owner lives in Florida and has been down there for many, many years. My impression is he knows the asking price is a little over the top. He’s a nice guy but not quite in touch with what is going on in Brooklyn.
The house is sunny and bright on all but the ground floor. I’m sure a decent renovation will make this house spectacular. One nice thing is that the house has its full cornice.
I think the upstairs tenants were contentious about being asked to leave…after, I think a billion years renting. I don’t know if an owner can really kick out long-term tenants just to sell. I thought a landlord could only take over an apartment for “personal use”. No?
I would be pretty upset as a tenant being forced out by an absentee landlord who thinks he can sell…what happens when he doesn’t sell or what happens if a new owner ends up renting the apartments out as is to new people??? This would be very unfair. Would the old tenants have grounds to sue at that point? Sure, I can see a tenant being told the monthly rent has gone up, say $1000 with the lease renewal. The tenant might then leave…
But what happens if the landlord cannot rent the apartment at the inflated rent and a new tenant moves in at the old tenant’s rent level?
Isn’t this dangerous territory?