Open House Picks
Carroll Gardens 28 2nd Place Brooklyn Bridge Realty Sunday 12-1:30 $3,100,000 (was $3,900,000) GMAP P*Shark Park Slope 394 6th Avenue Heights Berkeley Sunday 12:30-3:30 $1,950,000 GMAP P*Shark Prospect Heights 136 Underhill Avenue First Champion Realty Sunday 12-2:30 $1,200,000 (formerly in foreclosure) GMAP P*Shark Bedford Stuyvesant 242 Clifton Place Quality Home Sales Sat 12-3, Sun 12-3…
Carroll Gardens
28 2nd Place
Brooklyn Bridge Realty
Sunday 12-1:30
$3,100,000 (was $3,900,000)
GMAP P*Shark
Park Slope
394 6th Avenue
Heights Berkeley
Sunday 12:30-3:30
$1,950,000
GMAP P*Shark
Prospect Heights
136 Underhill Avenue
First Champion Realty
Sunday 12-2:30
$1,200,000 (formerly in foreclosure)
GMAP P*Shark
Bedford Stuyvesant
242 Clifton Place
Quality Home Sales
Sat 12-3, Sun 12-3
$589,000
GMAP P*Shark
Sebb – your CG calculations are based on comps that might change a lot by the time the renovation is done. Clearly things are changing rapidly since this place already had a 800K cut, and others are having several 100K cuts more and more (but this is truly only the beginning since, as we also see, many sellers still refuse to accept reality and are holding firm in their asks, and only dropping once place lingers). The Park Slope house listed here is a case in point – it came on the market last year for well over 2 mil – I believe closer to 2.1 or 2.2. But it’s still way overpriced. This is a narrow house with a bad renovation on a short lot – they are still overreaching by far.
can we get some interior pictures of the underhill house!
Guys what i am trying to say is this. You can turn that CG place into 4 units that could easily fetch 1.5 mill each according to the comps. You could walk away with plenty after renovations. It is being done all over the city. You have to think this thru and understand the way it works. I am not going to sit here and walk you thru but if you do some homework you would understand better.
WOW…34′ and a magnificent staircase. Sellers are being done a disservice by the realtors and the lack of pictures. Unless….
34′ width huh? I jumped the gun. Just generally out of whack with everything else. Damn that’s wide!
SEBB is the owner of that 1.5 million dollar home asking 3
Looks like homeowners in Brooklyn are still on crack.
I gotta agree with you Sebb. Clealry the CG pricing was completely rational, after all its only come down 1 million dollars. Its not like they pulled that asking price out of a hat or anything.
Sebb, what’s wrong with the CG listing?!
What could the rent possibly be for the “two high-income rentals”?! You think you could get $5,000+ each per month? Seriously? Not to mention 2 floors still need to be renovated! (the floor the owner lives in it sound like)
The mortgage payment (with 25% down) is gonna be anywhere between $15k and $20k per month! So, what sort of craziness is this?! You’re going to spend crazy amount of money… and still have two units with tenants in them?!
The best part is that $3,000,000 is crazy…. but it was originally almost $4,000,000!!!
Don’t get me wrong, I think Carroll Gardens is wonderful, but we’re talking about needing an income of at least $500,000 per year AND still having tenants!! (i.e., sharing your home with two other families) You would have to be in the $750k to $1 million range to convert this and make it a 1-family. And for all scenarios you need to have many hundred of thousands of dollars just kickin’ around for the downpayment.
I know – this city is chock full of people with that sort of income. The streets are literally teaming with them… but that’s beside the point. How does this possibly make any everlovin’ sense!?!?