Open House Picks
With Easter weekend upon us, there are slim pickings in the open house department. Here are three we were able to dig up. Feel free to list any more you can find in the comments. Carroll Gardens 150 Summit Street Corcoran Saturday 2:30-4 $1,475,000 GMAP P*Shark South Midwood 678 East 22nd Street Brooklyn Properties Saturday…
With Easter weekend upon us, there are slim pickings in the open house department. Here are three we were able to dig up. Feel free to list any more you can find in the comments.
Carroll Gardens
150 Summit Street
Corcoran
Saturday 2:30-4
$1,475,000
GMAP P*Shark
South Midwood
678 East 22nd Street
Brooklyn Properties
Saturday 2:30-4
$1,199,000
GMAP P*Shark
Park Slope
289 14th Street
Some Dude Named Richard
Saturday 1-3:30
$985,000
GMAP P*Shark
Supposedly the house in South Midwood has two offers already so 1.6 may not be too much of a fantasy for that house. It is on a double lot.
not that it matters, but i met dave and he’s a very straight-forward decent guy (from what i could tell). i would have to say there is no subterfuge at all in him. he’s trying to sell his apartment. that’s it.
regarding SF costs, you have to consider the concept of economies of scale. at a certain point (with regard to overall apartment SF), $/SF becomes irrelevant.
Just wanted to chime in re: April 6, 1:45 comments. The benefits of owning a 2-family are more than just rental income. You also get major depreciation on many aspects of homeownership, making the overall cost much less. You get to depreciate the heating, wear and tear on common areas including roof, porch, driveway, paint on hallway walls, etc. So when you do an itemized deduction plus take account of rental income, you find that usually on your taxes you can declare a loss–offsetting your regular income and lowering your taxes. So though rental income may not seem worth paying extra for, it can make the difference between affordability and not. I’m no accountant, just speaking from experience and filing via turbotax. It’s certainly worth considering if you can’t afford a house in decent shape for $1mil but maybe you could afford a 2-family in decent shape for over $1mil. It’s enabled me as a single mother to provide a lovely home for my children that I otherwise couldn’t come near.
Re: South Midwood. $1.6 M asking could just be the fantasy of an overly optimistic broker. The reality, IMHO, is 200-300K less. Same for the $1.2 M house.
Actually it’s the case for many current Bklyn listings–beyond overpriced. Greedy brokers, greedy owners, it’s time for a buyers’ revolt.
The B/Q stops at Newkirk Avenue – essentially a 10 minute walk from the South Midwood house
I went to the South Midwood open house. The house is beautiful, though definitely smaller than the huge Ditmas-area houses that get discussed on this blog. The third floor rooms are small because of the slanted roof, though they are fine for the home offices that are up there. The basement is finished and currently is used as a nanny’s suite–nothing fancy but certainly functional.
There are many gorgeous details–stained glass windows, inlaid floors–and great built-ins. The backyard is mainly mulch-covered, so those who love a rolling lawn will be disappointed. Having tried to maintain grass I have no problem with it.
For me, the sticking point is a high price in a neighborhood that is not anywhere near as convenient to transit as the main Ditmas neighborhoods (only the 2 and I think 5 are available to the Brooklyn College stop as opposed to the express B/Q in Ditmas) and has fewer amenities. But Warren Lewis has a house nearby with an asking price of $1.6 million, so maybe I’m just behind the times. I haven’t seen that house but I really can’t believe that price for this neighborhood.
Back to what this thread is supposed to be about which is open houses….
Did anyone go to the South Midwood open house? It looks so pretty. But i’m not sure about the price. Just wondering what someone who went to see it thinks.
Oh, hello again. Just to clarify — mine is a condo, not a co-op. Condos generally go for more because you own the unit, and you can sublease, renovate, have a pet, or buy/sell as you please, unlike a co-op, where the board has veto powers. And we don’t have any rent-controlled tenants to deal with (major difference). I priced based on comparable recent sales. And, I only post under my own name.
Back to rent control. When I first read the comment about buying out the tenant for 50 to 100,000 dollars and then the place being a good deal, I thought that nobody is giving up a rent control apartment for that money. No way. I believe Serge and Scarab.