Last Week's Biggest Sales
1. COBBLE HILL $1,770,000 54 Cheever Place GMAP Last week’s sales weren’t all that big. Topping the list is this 21′-wide, 3-family brick home, which was an Open House Pick back in January, when it was listed at $1,800,000. “Original details include original floors, mantels, pocket doors a pier mirror and 4 wood burning fireplaces……
1. COBBLE HILL $1,770,000
54 Cheever Place GMAP
Last week’s sales weren’t all that big. Topping the list is this 21′-wide, 3-family brick home, which was an Open House Pick back in January, when it was listed at $1,800,000. “Original details include original floors, mantels, pocket doors a pier mirror and 4 wood burning fireplaces… This house is set up as an owner’s duplex and two rentals,” says its listing on StreetEasy. Entered into contract on 7/27/10; closed on 9/28/10; deed recorded on 10/7/10.
2. MANHATTAN BEACH $1,725,000
170 Kensington Street GMAP
Coming in at #2 is this 2,442-sf, 1-2 family home. It’s steps from Manhattan Beach Park and a block from the beach itself. Entered into contract on 7/23/10; closed on 9/21/10; deed recorded on 10/6/10.
3. PARK SLOPE $1,600,000
33 St. Marks Avenue GMAP
20′ wide and 65′ deep, this 4-story, 4-family building was built around 1920, according to PropertyShark. Entered into contract on 5/25/10; closed on 9/22/10; deed recorded on 10/8/10.
4. EAST NEW YORK $1,469,655.68
508 6th Avenue GMAP
This 3-story corner building has 2,400 square-feet of residential space, divided into 2 apartments, and 1,950 square-feet of commercial space. Entered into contract on 4/7/10; closed on 9/28/10; deed recorded on 10/5/10.
5. MIDWOOD $1,400,000
1321 East 23rd Street GMAP
According to StreetEasy, this 1-family, 2-story home is located on a 4,000-sf lot. Entered into contract on 7/1/10; closed on 9/15/10; deed recorded on 10/5/10.
Photos from PropertyShark.
Maly — I don’t think it could ever have been an R/S building unless it had been a building with more units previously. Although it is possible, I am pretty sure that is the rare exception as thwackamole indicated. Frankly, I think it is more likely to have a leftover r/c tenant (or heir) than a r/s tenant in 4 or fewer-unit building
I assume it was advertised as a fully occupied 4-unit investment property because that’s what it is. If the rents are not market, that’s because the current owner decided not to raise them (and with good tenants, that’s probably a fine idea).
Kinda pricey for East New York, Slopefarm, where the average building costs $200,000 to $400,000.
The “508 6th Avenue” link goes to 454 Crescent Street…
Boerum Resident, it would be very possible for a 4-unit building to be rent-stabilized, depending on its history. The fact that it was advertised as an investment property, fully occupied and with “cooperative tenants”, make me think that the units are not market-rent.
Good point about the down-conversion, but nothing in the DOB records tended to show that.
agreed that Manhattan Beach house is pretty from the outside!
not sure what I would do out there but that Manhattan Beach place is awesome looking.
WTF? I live in East New York now? 508 6th Ave is around the corner from me. Usually realtors rename neighborhoods to add value.
1) 4 unit building could have either R/S or R/C. Both are unlikely, but R/S would be if the building was converted down from a 6-unit,a nd R/C would be if the occupant (or his heir) had lived there since ’71.
2) ‘Non-Cooperative’ tenants often sue you, leave the hot water on forever, etc…