House of the Day: 119 Fort Greene Place
Other than the exposed brick on the parlor floor, this brownstone at 119 Fort Greene Place in Fort Greene has a nice feel to it. Plenty of original details, nice width (21 feet) and an extention; we’d be surprised if you could actually get $2,800 a month for the garden rental but it’s probably not…
Other than the exposed brick on the parlor floor, this brownstone at 119 Fort Greene Place in Fort Greene has a nice feel to it. Plenty of original details, nice width (21 feet) and an extention; we’d be surprised if you could actually get $2,800 a month for the garden rental but it’s probably not far off. The asking price is $1,995,000. Not insane if you factor in the expected 10% discount in this market.
119 Fort Greene Place [Douglas Elliman] GMAP P*Shark
“Anybody know what top price was in Ft greene???”
Two and a half on the “right” side of Fulton, up to Willoughby and east of this street.
***Bid half off peak comps***
BHO, that block is quite nice if you’re familiar with it. It’s between Fulton and Hanson Place.
My buddy has a brownstone on 3rd Place in Carroll Gardens. His garden-level apartment rental doesn’t have “garden rights” — though they do have a exit door and he’s extended privileges to the tenant (i.e., if she wants to have friends over once in a while and use the garden, she just needs to make sure there’s no conflict.), but it’s no a privilege provided for in her lease.
Otherwise, they have a big deck (like DIBS) that covers that exit. It’s not high enough really for the tenant to have anything underneath though.
The garden is for the owner… the tenant can look at it through their bedroom windows and dream 🙂
I think 1.6 would be an absolute steal and quite a bit lower than I think it will go for, but who knows…
“30% cut”
Betta than fitty, Nokilissa. Get it while the getting is…okay.
The garden rental has an indoor outhouse. That really sucks for $2,800/mo. That’s duplex dough.
But this is the ideal config. No shoulder rubbing with tenant unless your boiler goes out.
Uh oh! I just checked GMAP. “Wrong” side of Fulton. The widget might get this one. $1.535M at comment press time. That’s gotta be -25% peak comps, no?
***Bid half off peak comps***
As for the price in this place, I don’t think it is that far off. I’d say 1.825 or so would be appropriate and maybe achievable.
That’s a really nice house. Re: exposed brick, covering that up is easy. It is a nice size, maybe not the best street in FG, but it’s nice and close to the best retail stuff, easy walk to Atlantic Ave sub or G or C and it looks in good shape and as though you wouldn’t have to do anything serious to it. I am just thinking of the other houses in the area — I think it the price they are asking is off, maybe 1.6/ 1.65 is more like it.
Depends on how you want to set it up Denton. I’ve seen places where the owners do not give the ground floor tenants garden access, others where they do. Often if they do, they might fence off the area under the deck area so each person can have privacy (i.e. owners not looking in your windows when they are in the back yard, but still having their private garden). That set up is the best imo, it gives the tenants a small patio/garden to sit outside and barbeque etc. It doesn’t work so well if you have a deck on the parlour floor that extends the entire width of the hose though – makes it quite dark for the tenants below…
denton…I have a deck on the parlour floor so I use that and my tenant has the area below for their use. Even if they are out there I don’t see tham as they are under the deck. The rest of the yard is basically landscaped to look at and enjoy.