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]
This house has a beautiful slate mansard roof.
Does anyone know how much is costs to maintain such a roof?
Dibs, for the place on Adelphi, an architect said 1M. My guy said $700-800,000. He is a contractor with some solid experience in complete renovations in landmark districts. He actually discouraged me from buying it, as a job for someone with deeper pockets.
Minard got his panties in a twist and started to argue the English basement must be a crawl space.
Dave, Yes that was it. The thing is that gut jobs are not necessarily more expensive than restoration jobs. A gut job on a little house is do-able for under $400,000.
However, a big brownstone like this with five full stories and a cellar…and with finishes and details you may want to keep and work around, that’s a ton of money.
this bldg is over 5000 sq ft, corner house(windows on side), lots of potential in great location.
If it were mine, I wouldn’t sell it for less than $2.2.
Minard…that was Lafayette & Adelphi, correct??? No one said $1mm. I said $300-500,000 depending on how nice a job you do but you could get away with $300,000.
I doubt this place is a “gut job” like Adelphi St is.
Yes, a friend from my planet…Mars. The concept of “priced to sell” has definitely not been registered by the owner. Plus the place has not been properly taken care of for some time.
This property has been on sale for over 2 years now. It’s gone back and forth between real estate agencies, or listed as FSBO. Someone should tell the owner that this ain’t 2007 no more.
We’ve seen a broken window on the top floor that stayed there for over a year before being fixed. I can’t imagine what the rain and snow did there. The recent “renovation” appears to be limited to the parlor floor, and the floor above. A paint and wood floor job really. Also, taking advantage of an open house, we met the owner who was less than amenable to say the least.
This is a real pity to see that logic isn’t always driving some owners: by trying to wrench too much $ out of his property, he is actually bleeding cash in maintenance and property taxes, while the overall value of the house goes down. Had he lowered his expectations a bit 12 months ago, he would now be better off than what he is now.
we saw a little frame house two weeks back that some posters thought needed a million dollars in repairs. I thought that was absurd. This house on the other hand probably could use about a million dollars in repairs and upgrades. It is a big place and has lots of potential. I could see and owner’s triplex and two rental apartments above. The corner lot gives it a ton of light and air. The location is very good. It just needs a buyer with deep pockets.
assuming each 1BR rents at 2000, then the buyer can reduce his 10K mortgage to 4000 for the right to i) live in a 3 floor walkup duplex, ii) deal with 3 sets of tenants, iii) cover the prop taxes and maintenance, and iv) deal with possibly significant renovations? even at 2300 rent, fully occupied $3000/mo to own the upper duplex seems pricy.
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.
The bathroom in the pic looks like it needs help. I suspect the other bathrooms and kitchens also.
Not sure about price, but this can be turned into a beauty.