Open House Picks
Bay Ridge 7601 Narrows Avenue Brown Harris Stevens Sunday 12-1:30 $2,500,000 GMAP P*Shark South Slope 409 Prospect Avenue Betancourt Sunday 1-3 $1,169,000 GMAP P*Shark Kenmore Terrace 221 East 21st Street Corcoran Sunday 12:30-3 $1,150,000 GMAP P*Shark South Slope 270 10th Street Century 21 Sunday 1-3 $775,000 GMAP P*Shark
Bay Ridge
7601 Narrows Avenue
Brown Harris Stevens
Sunday 12-1:30
$2,500,000
GMAP P*Shark
South Slope
409 Prospect Avenue
Betancourt
Sunday 1-3
$1,169,000
GMAP P*Shark
Kenmore Terrace
221 East 21st Street
Corcoran
Sunday 12:30-3
$1,150,000
GMAP P*Shark
South Slope
270 10th Street
Century 21
Sunday 1-3
$775,000
GMAP P*Shark
11217, you forgot it’s a 2 family house. Even accounting for a bigger rent for the garden duplex ($3,000 maybe?),
the numbers would be:
Mortgage:
$935,200.00
Down Payment :
$233,800.00
Mortgage Payment:
$6,221.00 per month (7% on a jumbo, although technically you would need to put down more on an investment property, but for the sake of the game..)
Taxes:
$150 per month
Utilities:
$500 estimated per month
Total:
$6,870
Income:
$5,000 per month if you rent both, $2,000 if you rent the top floor. Is that duplex really worth $4,870?
commenting on the Bay Ridge house.u do realize the same house would go for 500k in Queens,and maybe 1.5 mil in Beverly Hills.BEVERLY HILLS people,not Bay Ridge BK.THIS IS F’N INSANE!!!
Santa,
Let’s say you are correct (although I think a nice rental would be more like 2500, but let’s use your figures) the Prospect house is 3 floors, so that’s $6,000 a month. According to the calculations (not factoring in the mortgage interest deduction) your monthly payment on the house is less than the rental income.
Mortgage Amount:
$935,200.00
Down Payment :
$233,800.00
Mortgage Payment:
$5,310.00 per month
I love all of the wood frame houses in the southern park slope area. however 1 million is insane. You can rent a floor thru in one of those for under 2000 bucks without even trying.
Ugh…I’m not a California fan.
Parts are beautiful, especially the coast and San Francisco, but I have no desire…
11217 – that was before all the rich people discovered California.
Why is it again that we buy crappy houses for over a million dollars? Why is it again that someone who earns $250k a year wants to live in crappy houses like this? Why is it again that you NEED to earn $250k a year to live in crappy houses like these?
I just learned something new from Wikipedia’s entry about Park Slope…
“The 1890 census showed Park Slope to be the richest community in the United States.”
hmmm 580 is nice – not my style
problem i see is that they are asking 1.375 for a 1 family in WT
a bit overpriced I think!