Open House Picks

What’s the catch indeed? Well, that’s the reason why we decided to go and check it out.

Honestly, I have mixed feelings about the place. Not sure whether it should be qualified as a crack-house or a waste dump. No, seriously. The place is unbelievably filthy.

The parlor floor (the pictures) is fine: old, dusty but okay. Then going up one level brings you to another world. There are piles of garments everywhere. All windows have been padded with T-shirts to block the air coming from the outside. There are visible water stains on the ceiling. All doors are busted, and the bathroom needs to be replaced.

To reach the top floor one must go up a flight of stair that looks like it’s going to fall. This is the crack-house part of the property. In one of the bedroom there’s a hole in the ceiling. The bed in there has 2 mattresses on top of one another. They are covered with mold, but the cherry on the cake are the bedbugs, easily spotted on the bed sheet. The amount of clutter is astounding. All ceilings are stained of course, which is a nice combination with the smell of urine. One is left wondering why there’s a 2.5 feet machete next to a bedstand, or simply where the cocaine is concealed.

The street level apartment is full of junk: piles and piles of books, old bicycles, personal belongings. The Corcoran rep provided flashlights to explore. That came handy as we stepped on cardboard, and unidentified junk trying to make our way between the piles of rubbish stored in there. The basement, well it’s like the rest. Overall, it feels like the occupants left in a hurry leaving all their “things” behind.

So here is what you’re up against at a minimum: replace all windows, new mechanicals, new roof, at least one new flight of stairs, new bathrooms (3), new doors inside, new plumbing, new kitchens,…

Frankly, it has me pondering why would Corcoran even represent such a property. It simply isn’t professional. Now, to offer it at $569K you’re either coming from Mars, or wandering in dreamland thanks to the substances found in the small bedroom on the top floor.

This is definitely a gut job, and given how the market is today I wouldn’t’ offer more than $300K for this property.

“Wow, a 4 story brownstone in central Park Slope asking less than $1.7 million. Who’d ever thunk?
” – lots of people are astounded how high the price is.
I had friends buy few door down for $110K.

Funny thing is that Bergen street has been on the market for more than 8 months now. Originally it was listed with Coldwell banker Mid-Plaza where the asking price was only 499K. YES 499K. It’s an estate sale where the sellers are required by the court to sell to the highest buyer, and it’s being sold AS-IS. Reason why I know all this is because I was interested in this but the whole court situation steered me to another property than the same seller owned. The property I bought is located in PLG and I closed on it two days ago after first getting the contact signed 6 months ago. I think this house is in the historic section of CH. Good luck.

that will move above new ask, for sure. despite darkness, it looks to have killer views. i’d venture it’ll move around $1.

Joe B, question is will the rent go up fast enough for you to cover the massive spikes in ppty tax, water & sewage, Ins,… that you know we’re in for the next few yrs – ie the gov has to plug budget gap somehow right?