House of the Day: 583 Putnam Avenue
Well, here’s something you don’t see every day. This “preconstruction” four-family flip with no photos of the actual interior — “pictures shown for finishes only” — is located in Bed Stuy and priced at $2,400,000. The seller proposes to equip it with central air, stainless steel appliances, and quartz counters and create three floor-through rentals under…
Well, here’s something you don’t see every day. This “preconstruction” four-family flip with no photos of the actual interior — “pictures shown for finishes only” — is located in Bed Stuy and priced at $2,400,000. The seller proposes to equip it with central air, stainless steel appliances, and quartz counters and create three floor-through rentals under an owner’s duplex. That’s only possible, of course, if the house has five stories, which the listing says it does, although the photo shows only four, including the hidden story on the top. PropertyShark says it has three. (PropertyShark also says it’s a two-family, not a four.) In any case, is the market really moving this fast?
583 Putnam Avenue [Corcoran] GMAP P*Shark
How long before the ad gets pulled? Any takers. I say 2 hours.
These may be the funniest comments on a Brownstoner post ever. This is ridiculous.
8′ wide bedrooms – GTFO
“There is a tax abatement on this property”
why would there be a tax abatement on a house?
I think every house hunter in Brooklyn should be insulted by this listing and boycott Corcoran.
Alan Dixon: ” it looks pretty cheap. Whenever a market is moving that fast there is stress and risk. We’ve got a diversified portfolio. We think Bed Stuy prices in hindsight will look very cheap — unless something fundamentally goes wrong with the city. There’s no reason why Bed Stuy won’t end up as nice as Park Slope and just as expensive.”
While I think Bed Stuy and Crown Heights will be like Park Slope, pricewise, I don’t think this accelerated pace is healthy.
Per steeteasy house closed on 4.25.13 for 500K.
Owner sure is trying to flip this for some major profit.
I’ve always thought Corcoran over inflated prices, now I KNOW they do.