House of the Day: 544 Washington Avenue
The two-family house at 544 Washington was recently renovated and appears to be in move-in condition. The only catch is that they have to find a brownstone buyer who doesn’t give a hoot about original details and is happy with a Home Depot-esque kitchen. Another negative is that this block of Washington has a lot…
The two-family house at 544 Washington was recently renovated and appears to be in move-in condition. The only catch is that they have to find a brownstone buyer who doesn’t give a hoot about original details and is happy with a Home Depot-esque kitchen. Another negative is that this block of Washington has a lot of traffic on it. On the plus side, the taxes are quite low at $1,800. What do you make of the asking price of $1,375,000?
544 Washington Avenue [Corcoran] GMAP P*Shark
I hate this block, every Sunday the whole block is crammed with churchgoers double parked up and down the street and NYPD Traffic does nothing about it. It is also a major thoroughfare for people heading from PH/CH to Atlantic Terminal/Center.
liv and din have no windows. why would you make an office in the front of the house and take away the windows, then 2 small windows on the side of the building in the kitchen.
apparently no one was thinking about light and ventilation here.
I had not heard the co-op property tax rebates are over.
Are you sure?
RE Taxes are capped at an 6% rise per annum. yes, assessments change.
And homeowners were getting those rebates too. I was amazed that i got the full $400 when I pay under $2,000 in RE taxes in Brooklyn.
The rebates are over fells, for everyone. At least for a couple of years, probably forever.
quote:
The important thing in NYC is to make a a great deal of money.
Winner for the Dumbest Quote of the Day Award! i have never heard such hogwash in my entire life
*rob*
Thanks for the info. I’m still a bit confused, but I think I get the gist of it.
So homes aren’t assessed every year? Just when you renovate or change a C of O?
Minard… while it makes me sad, your statement couldn’t be truer. “The important thing in NYC is to make a a great deal of money. Everything else sorts itself out.” If only… herrumph. I guess I should give up my career working for the “Public Good” — it doesn’t pay enough.
Oh one more detail. We co-op owners have been getting substantial rebates on our taxes from the city for about five years. How long that will continue no one can say, but it has been great so far.
In most cases when brownstones are renovated, spiffed up and expanded, the assessment shoots up. In Brooklyn Heights the assessment on recently renovated and improved houses are comparable to most of the burbs. In other words, very high. And DIBS, what is happening today in CH, PS, and BH is heading your way sooner or later. Keep in mind that the more you pay in real estate taxes the less you pay in Federal and State taxes. The important thing in NYC is to make a a great deal of money. Everything else sorts itself out.