Open House Picks
Park Slope 352 6th Street Harvey Heit Realty Sunday 12-1:30 $1,650,000 GMAP P*Shark Fort Greene 396 Vanderbilt Avenue Brooklyn Properties and Brown Harris Stevens Sunday 12-1:30 $1,395,000 was $1,995,000 GMAP P*Shark Windsor Terrace 580 Prospect Avenue Warren Lewis Sunday 2:30-4:30 $1,345,000 GMAP P*Shark Kensington 67 Chester Avenue Corcoran Sunday 12:30-2 $749,000 GMAP P*Shark
Park Slope
352 6th Street
Harvey Heit Realty
Sunday 12-1:30
$1,650,000
GMAP P*Shark
Fort Greene
396 Vanderbilt Avenue
Brooklyn Properties and Brown Harris Stevens
Sunday 12-1:30
$1,395,000 was $1,995,000
GMAP P*Shark
Windsor Terrace
580 Prospect Avenue
Warren Lewis
Sunday 2:30-4:30
$1,345,000
GMAP P*Shark
Kensington
67 Chester Avenue
Corcoran
Sunday 12:30-2
$749,000
GMAP P*Shark
Perhaps steal in verbatim is somewhat murky. But once you interpolate expense in converting, addressing and amending existing problems- you are clearly within another ballpark. The home is on a quiet residential block, one block from the subway, two from other local amenities. It’s structurally sound, the interior is subjective, admittedly better than worse and the asking price is just that- not final.
If it’s intended use is one family- Great investment [minor steal?]
If the purpose is to convert into two family/basement, than perhaps not so much.
I like Kensington a lot and that house looks sweet, but I’m not prepared to call $750k for a two-story row house a steal, except in comparison to the asking prices of the other houses listed here.
The Chester home is a great steal for anyone aspiring to live-in more so than rent.
The neighborhood is one of the last remnant’s of old Brooklyn.
Growing up in Borough Park, Park Slope, Prospect and the neighboring pueblos-
I’d say the sentiment is unyielding.
MM, i’m happy to be in agreement with you. 6th st will not get 1 mill. Max $500 psf.
DIBS, is there any securitization market for jumbos right now? I can’t remember if they’re supported by one of the Fed programs. I can’t imagine Citi or JPM has any appetite for keeping jumbos on their books.
JPMorgan, Citigroup Expand in ‘Jumbo’ Home Mortgages
June 26 (Bloomberg) — JPMorgan Chase & Co. and Citigroup Inc. are expanding in “jumbo†mortgages used to buy the most expensive homes, helping revive a market that shriveled amid a three-year jump in homeowner defaults.
JPMorgan resumed buying new jumbo loans made by other
lenders this month, after halting purchases in March, spokesman Tom Kelly said. Borrowers must have checking accounts with the bank, he said. Citigroup is again offering the loans through
independent mortgage brokers, spokesman Mark Rodgers said.
The two New York-based banks are signaling new interest in a market hobbled since 2007, when record-breaking defaults on home loans caused investors to flee securities backed by mortgages
DIBS – we are not opposed to a gut, at the right price (that is, leaving us enough $$ for serious work). It’s not my first choice (which would be a house in great shape that might just need more cosmetic updates). But we’re keeping our minds open. Alas, Ft. Greene, much as I love the hood, is too far from our kids’ school. I think that 2nd street house needs to cut a lot more to get any serious action – below the $2mil mark for sure.
FYI: yesterday’s House of the Day in Park Slope (460 2nd Street) has already cut its price by $100K. Now asking $2,280,000.
MoneyforNothing,
I was creating a fantasy in my head about Fort Greene. Thanks for bringing me back to earth. Also, I got a great laugh out of the dump greeting you at the door. I needed that!