Move-ins at 120 Lexington Avenue
120 Lexington Avenue is a bit of a mystery to us. The six-unit, Scarano-designed project was started during the boom but then sat empty and almost done for a couple of years before the developer tried to unload it at the end of 2008 for $2,300,000. That price proved to be to rich, and a…
120 Lexington Avenue is a bit of a mystery to us. The six-unit, Scarano-designed project was started during the boom but then sat empty and almost done for a couple of years before the developer tried to unload it at the end of 2008 for $2,300,000. That price proved to be to rich, and a bottom-feeder picked it up for $1,487,500 in July of last year. There’s no current information about the property’s status on StreetEasy, but last weekend we saw people starting to move in. We’re assuming it’s a rental now, even though there’s still a sign for condos in the window. Anyone know any details? GMAP
This place cracks me up. the top floor deck is clearly a space ship landing pad. Not only do the garage doors have no relationship to the curb cuts, one has a fire hydrant where the driveway ought to be. Another has a tree.
If you stand back and look at it (say, while enjoying a cupcake from Heavenly Crumbs) you’ll notice that nothing seems to meet at a right angle.
‘nother posting:
http://newyork.craigslist.org/brk/abo/1590737845.html
Rentals on craigslist
http://newyork.craigslist.org/brk/abo/1585740513.html
Bottom-feeder? Come on. Working too late last night JB?
2.3/6 = $383K/unit. Not anymore absurd than peak comps. -35% off and falling here.
***Bid half off peak comps***
good call tyburg. also, not to mention the simple fact that we are no where near a bottom in Brooklyn real estate.
“a bottom-feeder picked it up for $1,487,500 in July”
That’s some colorful language there, Brownie. I would think “savvy buyer” would be a more appropriate, especially since the original price tag was probably absurd for an investment property (either flip or rentals)
it is now setion 8 rentals
if i wonder the lottery i would buy one of these too and turn it into an old school *FREE* brothel. what are the laws when it comes to exposed interiors like that? like if people were to have sex in plain view for the street to see, is that illegal?
*rob*
I want to buy one of these and just live in the whole thing.