House of the Day: 293 Clinton Street
This four-story brownstone at 293 Clinton Street in Cobble Hill just hit the market asking $2,000,000. It’s a four-family house and, unfortunately, the interiors have suffered from the usual effects of subdividing. The exterior of the house is great, as is the location; we just think that, given the amount of dough it will take…
This four-story brownstone at 293 Clinton Street in Cobble Hill just hit the market asking $2,000,000. It’s a four-family house and, unfortunately, the interiors have suffered from the usual effects of subdividing. The exterior of the house is great, as is the location; we just think that, given the amount of dough it will take this to bring back to a one- or two-family, the asking price isn’t realistic.
293 Clinton Street [Brownstone RE] GMAP P*Shark
Pete is right. Didn’t 243 Kane just close last week for $3.2 and it was way overpriced and sat on the market for almost two years. Gemini sulking.
Property shark says the building is only 36 feet deep.
(The building is 20×36).
And the lot is only 68 feet deep.
Are Cobble Hill lots typically that shallow?
Good catch, Ringo. Apparently you didn’t know the market from 1980 – 2006 when that’s how things were typically listed & sold.
sorry – pete, you must live next door or somethin’
anywhoo – I wouldn’t pay more than 1.3 – how about that?
what do YOU think it should go for?
the place inside needs a FULL GUT JOB! – so why would someone want to pay close to 2mil unless as 99Luft states – they want to keep it as an investment property to get the rent roll which
The broker’s website says: “You can sense the warmth and charm as you pass through each room.” But the photos do not show it.
Great location, though.
Because it’s a 4-unit, you’d have to get a commercial loan, right?
And then you’d probably have to evict some tenants, right?
I’ve seen crazier asks. I’ve said it before and I guess I’ll say it again now: I think people are pricing above the market knowing that everyone mentally knocks 15% off before they even begin thinking. Price at 2, sell at 1.7 and everyone is happy.
if you think that $1.3, then you are totally clueless to the neighborhood. Show us any comps in that range at all.
Stick to spouting on your own area.
This listing is hilarious!
first off – What is up with the pic showcasing the “lovely fire escapes”
phew! – am sure glad they have those..on each…floor…
why is the exterior soo well maintained yet inside looks as if it hasn’t been touched since 1965
sorry 2 mill for this place is a no-go – more like 1.3 and I only say 1.3 b/c of the location and size
This is the type of property that can have two distinct valuations. As a four unit rental it would bring in a rent roll of $103,200 and if you’re valuing at 15 times rent roll then you get $1.5m
As a fully renovated triplex with Garden rental you could expect to sell it for $2.8m even in today’s market so deduct cost of work plus carrying costs and a price of around $1.8 seem feasible.