House of the Day: 291 8th Street
This house at 291 8th Street in Park Slope is a bit unusual in that it as a legal commercial space in the ground floor. We like the looks of the ground-floor space, which is fully built out on the lot and has a bunch of nice skylights installed. The renovation on the rest of…
This house at 291 8th Street in Park Slope is a bit unusual in that it as a legal commercial space in the ground floor. We like the looks of the ground-floor space, which is fully built out on the lot and has a bunch of nice skylights installed. The renovation on the rest of the house, while thorough, isn’t really floating our boat. In particular, all the light colored wood trim looks out of place to us. But that’s easily fixable as is, we imagine, the asking price of $2,100,000, which seems quite high unless the rent on that commercial space is potentially much higher than we would imagine. Thoughts?
291 8th Street [Douglas Elliman] GMAP P*Shark
Problem is that commerical space is going to limit the number of banks that you can go to for financing. You are going to get stuck with a mixed-use loan which is at least a full percentage point higher than normal multi-unit properties.
-Adam Dahill
WCS LENDING
for ONLY 2.1M, a buyer shouldn’t do too much math to see if they can afford it, how does this compare to comps,… come on people, it’s only 2.1M!!! why think so much? just buy it like it’s a cup of coffee in the morning
you’d think they’d include what kind of rent they get for that space
impossible to evaluate without knowing how really renovated this space is. it’s just so not nice as is, so if it needs decorating help, fine, but if it’s not waterproofed and not truly updated, then ick and double ick.
They call that “four bedrooms?”
What a laugh.
Three of those four bedrooms don’t even have closets.
Two of those three bedrooms should *be* closets.
It’s worth a mil max but will go for 1.84 mil after widget adjustment (widjustment).
***Bill Thompson for Mayor***
agreed
price it at 1.6 and it will move
I’ve never seen the Photoshop ‘shadows/highlight’ filter so abused.
I think they should price it well under 2 mil (say 1.5-1.6 tops) and be done with it. Even that would be a lot given the weirdness/ugliness of space.