Open House Picks 10/9/09
Park Slope 376 11th Street Corcoran Sunday 12-1:30 $1,650,000 GMAP P*Shark Park Slope 178A 13th Street Warren Lewis Sunday 12:30-1:30 $1,075,000 GMAP P*Shark Kensington 289 East 7th Street Brooklyn Properties Sunday 2-4 $799,000 GMAP P*Shark Flatbush 691 East 22nd Street TJ Mill Sunday 1-4 $699,000 GMAP P*Shark
Park Slope
376 11th Street
Corcoran
Sunday 12-1:30
$1,650,000
GMAP P*Shark
Park Slope
178A 13th Street
Warren Lewis
Sunday 12:30-1:30
$1,075,000
GMAP P*Shark
Kensington
289 East 7th Street
Brooklyn Properties
Sunday 2-4
$799,000
GMAP P*Shark
Flatbush
691 East 22nd Street
TJ Mill
Sunday 1-4
$699,000
GMAP P*Shark
I only just looked at the 11th St. house. My goodness, what a beauty. It’s not often that you see a place this nice. I wonder what the owners do for a living — do they sell mid-century modern furniture? Although I see what you mean, Miss Muffet, about the furniture being even better than the finishes — but the finishes look good. Very good. Maybe they’ll include the furniture in the sale price?
I saw a surprising ad today. The Corcoran office on Bedford Ave. is advertising a new construction three family in Brownsville for $499,000. It was a short sale. Seems like an unusual location and property for them.
DAVID!
“…and not one a mile west in Ft Greene or CH for $1.5 MM on some shitty block.”
Some “shitty block”? Thanks A LOT! Geesh! Look a lot of our houses in FG are from the 1840s and 1850s…they’re old and need a lot of upkeep…but shitty?
Well…anyway…have a good weekend.
I was a nosy neighbor and checked out the 11th street house. It is as turn key as i’ve seen in the south slope. beautiful inside and great backyard. I do agree it is aggressively priced. high 1.4s, maybe low 1.5s. I’m on that block so selfishly i hope they get asking.
Actually, on reflection I think I do agree with your thinking (at least that is what I have done with the houses I have owned to date). My preference has been to buy cheaply (ie a better quality of property in an area with potential that’s been within my mashflow budget) and benefit from an improving environment.
Mrs Chicken used to have my pioneering spirit but she’s not up for the living through gentrification thing anymore. Quite frankly, if I had my way, I’d have already bought that house that DIBS/MM/etc were all raving about the other day.
When it comes to property, I guess I would be categorised as a “value investor”.
The other issue with the 11th Street house is that they’re advertising it as a one-family with an “auxilliary” kitchen on the ground floor, when what this undoubtedly really means is an illegal conversion from a one- to a two-family. What would it take to get a proper two-family C of O so you could rent out the ground floor apartment?
In any case, the price is wacko. There have been four-story brownstones in the center and north Slope, with actual original detail (which this house appears to lack), asking not much more than that.
chicken, I dont have enough $$$ to buy a place to live AND another place to invest. my point was I do the same cash flow analysis on the place to live as I would do on an investmt ppty. I want to own a house and live in it comfortably cause I want house ownership to be a joy. if I cant afford it comfortably (something I would know per the cash flow calc’s, etc.), I wouldn’t buy it. if I can’t find a place that I can afford comfortably, then I’ll rent. Priority 1 is to enjoy life so there’s no way I would buy something where I would worry too much about how to afford the mortgage paymts.
BTW, I intend to keep my crown heights place hence really not looking to get another investmt ppty (ie don’t want to over weight too much in that asset)
I’d love to live in Ditmas Park- so beautiful there. Feels like some of the old towns upstate. I’m glad to see you think CH is a good place to buy for investment. Give us a few more years and it’ll be even better. We need more amenities- eateries, shops and such.
Not sure I agree with your criteria me old China.
Where I’d shop to live (Ditmas Park/Flatbush) is different to where I’d shop to invest (West Bed-Stuy, Crown Heights, PLG).
The type of housing in DP is not really that conducive to renting but lovely to live – and good price/sq ft.