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
News sources today just mentioned that FHA will be tightening lending standards and not give money to non conforming borrowers. I guess these sellers are still living in the 2007 housing market. If they get a third of 2.7 I say they are lucky.
Twelve IFs makes it a pretty tough sell…
if (if if if) the top three floors rentroll left a deficit of 1700 and if (if if if) you get 3500 sq ft of livable space (inc req windows in the basement) and if (if if if) the house has side windows in the rear extension as the floorplan indicates, then this could be interesting to someone.
but…what maly said.
Boerumresident, that’s just an alley, not a horsewalk. And I’m not sure what picture you’re looking at, but in both the listing pic and google streetview, the alley is clearly on the neighbor’s property.
The only thing “very wrong” with this building is that it’s too big to attract most owner-occupant candidates, and investors/developers are sitting this one out.
From my few interactions with Fillmore, I would assume there is something very wrong with this building. They seem to specialize in properties with major issues that are priced as if all was OK. I think other real estate agents must be too honest for those sellers.
Umm… do I really have to say this? 25% down and 5% interest (good luck), is an $11,000 monthly mortgage payment.
$11,000 – $9,300 = $1,700 deficit.
Mortgage Deficit $20,400
Annual Taxes $5,600
That’s already $2,167 per month. And I’m assuming that $9,300 per month included things like water (hot and cold), heat, garbage, common area cleaning, basic maintenance/repairs. You would also need all of this for your unit too. But judging from the kitchen photo, everything is in tip top state-of-the-art condition so you wouldn’t need to spend any other cash….
I’d like to shake the hand of the dumbass that buys this place. (Cuz, we all know it will sell… sadly)
this is not 5 stories right? it’s counting the basement in the 5 story count?
if the rent roll is legit, not a bad price if once has the downpayment to get financing. 25% down for 4 family house or it’s still 20%?
What’s weird is the door and window on the first floor going onto the horse walk that belongs to the other property (yes, I am assuming the building is in fact 25′ wide on the 25′ wide lot as claimed).
Minard, are you going to join us for a drink at Last Exit tomorrow? Atlantic & Henry. Close to home. Biff, Cobble, Snappy and I will be there around 6pm.