House of the Day: 72 2nd Place
This five-story brownstone at 72 2nd Place in Carroll Gardens was on the market last year with Corcoran with a price tag of $2,350,000; it didn’t sell back then and is now listed with another broker at the inexplicably higher price of $2,499,000. The location and scale of this place are great, but most new…
This five-story brownstone at 72 2nd Place in Carroll Gardens was on the market last year with Corcoran with a price tag of $2,350,000; it didn’t sell back then and is now listed with another broker at the inexplicably higher price of $2,499,000. The location and scale of this place are great, but most new owners are going to end up sinking quite a bit of cash bringing the interiors back from the dead.
72 2nd Place [David West Properties] GMAP P*Shark
“Snappy — a five-unit building is considered commercial property. Special rules apply for the mortgage.”
Posted by: mopar at December 22, 2009 1:41 PM
Oh yes… of course… you are correct, Mopar.
Good point. That will drag the price down. The buyer might need a commercial mortgage, no?
Yeah, that’s exactly what I want in my renovated million dollar plus home…a rent controlled tenant above me traipsing up and down the stairs that should be my unit. ROTFLMMFAO on this one.
If there is a rent-controled tenant in residence then I take back what I said earlier, it CANNOT be returned to a grand home no matter what.
You will also need to buy-out the non-controlled tenant.
A year in housing court and a buy-out is usually the way that works.
Most women would probably prefer more “frontyard” and less “backyard,” Pigeon.
This is a good post. I’ll have to thank the poster. Lot’s of blogs out there but only some are useful and helpful, this is one of them.Keep posting!
Definitely rather have more backyard. Keep the homes mullet style: business in the front, party in the back.
Speaking of Carroll Gardens, I have three questions.
1) Someone told me the neighborhood got its name because of the large garden-like front yards. Is this true?
2) Am I the only one who is rubbed the wrong way by those large front yards? Or, do others dislike them, too?
3) Wouldn’t you rather have more backyard and less frontyard?
Thanks, Mopar, that’s the info I was looking for!
Snappy — a five-unit building is considered commercial property. Special rules apply for the mortgage.