House of the Day: 152 Carroll Street
This monster of a townhouse at 152 Carroll Street in Carroll Gardens has been on the market for almost a year at this point without any takers. The five-story brick mansion is 25-by-85-feet and is divided into four units. The current pitch is for a buyer to take over the 4,000-square-foot lower duplex while raking…
This monster of a townhouse at 152 Carroll Street in Carroll Gardens has been on the market for almost a year at this point without any takers. The five-story brick mansion is 25-by-85-feet and is divided into four units. The current pitch is for a buyer to take over the 4,000-square-foot lower duplex while raking in $9,300 a month from the three upper apartments. Not surprisingly for a house in this neighborhood that’s been chopped up into apartments for years, much of the original charm appears to have been stripped away. That’s probably a big part of the reason that the house has yet to sell, though a recent price reduction to $2,695,000 might get folks to take another look.
152 Carroll Street [Fillmore] GMAP P*Shark
I have friends who were former tenants> Buyer beware! Lead poisoning issues, vermin, cheapest possible repairs and fixtures, major noise problems between floors, unsafe conditions in the yard, iffy electrical – a real dirtbag of a current owner. Stay away!
So deceiving from the outside. It is horrific on the inside, would need a full gut job. Ugh, and if you live on the bottom, who wants tenants stomping above, not me,that is so not the look.
Small multifamily tenement building that needs work. . . $1.5 to $1.75 tops.
tybur6, slap on the customary 10% off on the ASK and the pure financial monthly cost is as close to comparable rent as one will find in this stupid mkt. buyer would have to be a little of an idiot to pull trigger though – ie why drop 25%, deal with 3 tenants and the only bragging rights is it’s close to renting that owner’s duplex.
Looks good. Great block.
Ahhhh. I see. Thanks.
The FHA limit for 4-family buildings is $1,403,400 in NYC. FHA is going to tighten the credit score and downpayment requirements. It’s pretty academic, I would think the big issue is R/S status here.
cant spell fillmore without if.
conforming refers to eligibility guidelines. if it conforms, fannie/freddie will buy (or fha will insure) the mortgage from the originating bank. in nyc, max is now 729k.
I tried to figure this out myself and I failed… what’s the difference between a “conforming” loan and a “non-conforming” loan? What are they conforming (or not) to?