House of the Day: 440 Henry Street
When 440 Henry Street was a House of the Day back in the Summer of 2008, there were no interior photos with the listing. Now that we have some to look it, it becomes clearer why the Cobble Hill brownstone didn’t find any takers at the asking price of $1,999,000. There’s definitely some original detail…
When 440 Henry Street was a House of the Day back in the Summer of 2008, there were no interior photos with the listing. Now that we have some to look it, it becomes clearer why the Cobble Hill brownstone didn’t find any takers at the asking price of $1,999,000. There’s definitely some original detail but the house has definitely suffered from being chopped up into three units. Douglas Elliman’s had the listing since January, and recently cut the price to $1,650,000. Given the location and pedigree, we suspect there will start to be some interest.
440 Henry Street [Douglas Elliman] GMAP P*Shark
House of the Day: 440 Henry Street [Brownstoner]
A rental tenant is a rental tenant. it doesn’t matter how big or small the building. Brooklyn Judges do not evict tenants, they may, at best, facilitate a buyout or relocation to a comparable or better unit. Do you really think a judge is going to throw an old lady on the street because a baby banker buys an old Brownstone and wants her out?
Ha!
Rent stabilization applies to over 5 units, but there are some units in smaller buildings that are still grandfathered (or grandmothered) under rent control.
If the tenant is over 62, then (I believe) you cannot evict them even for purposes of owner-occupancy.
Plus, there is the very real risk is that their son or daughter moves in to assist their elderly mom, and then by right can continue the tenancy (which I think would remain under rent control and not stabilization, but I might be wrong about that). It’s not unheard of for that son or daughter to be 62+ taking care of their 85+ moms.
stonehawk, it was all in jest.
this would be an example of a non-elitist comment:
“Pop-Tarts are toasted pastries with warm gooey crack-cocain’ish filling. They come in assorted flavors and can be purchased at your local grocery store.
Posted by: stonehawk at February 4, 2010 10:05 AM in response to Open Thread”
LOL…come back to the OT and enjoy!!!!
Brownstonerlogin,
Yes you can evict the tenant if the judge decides to believe that you are going to occupy the entire building. But it’s not foolproof, and it can be a lengthy and expensive legal proceeding against someone living above your head. Not very pretty.
Or, it could be quick and easy.
But people don’t like to evict people, especially old ladies.
I thought rent control/stabilization didn’t apply to smaller buildings under X units? And/or can’t you kick them out if you the owner plans to occupy? Or am I getting things completedly mixed up?
The work needed on the front facade alone is not a minor issue.
Did Dave call someone an elitist?! Dave I’ve heard you discuss *ahem* esoteric topics on this blog. Just saying 🙂
a painted tin ceiling
new or old
looks the same
What a beautiful haiku, dibs!
I love tin ceilings and it’s good to know that I shouldn’t put too much value on them when looking for a home.
Agree that the real problem here is the rent control tenant. The rest is cosmetic. I’m not saying the house wouldn’t need major work — clearly it would — it’s just that when you’re looking at converting it to a 1 or 2 family, bad layouts and ugly paint jobs are kinda minor issues.