Open House Picks
Fort Greene 223 Clermont Avenue Corcoran Sunday 11-1pm $1,950,000 GMAP P*Shark Park Slope 574 11th Street Prudential Douglas Elliman Sunday 2-3:30pm $1,699,000 GMAP P*Shark Clinton Hill 223 Washington Avenue Brooklyn Properties Sunday 2:30-4pm $1,395,000 GMAP P*Shark Park Slope 21 Garfield Place Aguayo & Huebener Sunday 1-3pm $1,200,000 GMAP P*Shark
Fort Greene
223 Clermont Avenue
Corcoran
Sunday 11-1pm
$1,950,000
GMAP P*Shark
Park Slope
574 11th Street
Prudential Douglas Elliman
Sunday 2-3:30pm
$1,699,000
GMAP P*Shark
Clinton Hill
223 Washington Avenue
Brooklyn Properties
Sunday 2:30-4pm
$1,395,000
GMAP P*Shark
Park Slope
21 Garfield Place
Aguayo & Huebener
Sunday 1-3pm
$1,200,000
GMAP P*Shark
From anon 08:44
Oh yeah, house is in Windsor Terrace.
Feeling Desperate-
Don’t give up. After 1 year of scouring nyt and craigslist we found a 3 bedroom, 2 bath, 1 family on a nice (safe, close-ish to park, no traffic, close to great elementary school and grocery store) for $760K. (FSBO on craigslist). We put about $50K into it over 4 months while living there. We should update the kitchen but it works and it’s infinitely better than living in a 3rd floor walk up with two small kids.
The Wash. Ave. house shares a party wall with a house that needs major structural work, we looked at both houses not that long ago. The yellow one was going for $675, the one with blue trim $975, which i see went for $950. Amazing what less than 2 years will do to real estate prices.
574 11th St and its next-door neighbor have spent most of the last year on the market. Each was purchased, apparently, by a flipper. 576 sold last April for 1.15, and 574 (a pretty much identical house) in January for 1.16.
Goes against the “rising price” theory – looks more the “the market is slowing”.
576’s new owner promptly put it on the market for about 1.5. After several months and some minor price cuts, he went for some renovations, and tried again at 1.5 or so. That did not work either. He seems for the moment to have given up and rented it.
Meanwhile, in the summer or fall, 574 went up for sale at about 1.4, eventually resulting in the sale for 1.16.
Now, after gutting it, digging the basement, and pouring a slab (what’s that cost – $150K?), they are trying for nearly 1.7!
I don’t think for a minute they will get anything near that.
i saw the washington ave house in december. it’s a great place, and i’d buy it if i could afford it (i made a lowball offer that wasn’t even responded to). i think it has had a couple of deals fall through, and maybe they’ve had a tough time finding a buyer because it really works best as a single family. the second kitchen is on the fourth floor, and you’d have to either do horrible things to the staircases to make a private entrance, or pretty much share living space with your tenant. as a double duplex it’s pretty cramped. so unless you can afford the price with no rental income, it’s a tough sell at that price. they’ve been holding steady, though. we’ll see.
linusvanpelt — the LPC doesn’t actually have jurisdiction over the rear facades, as long as they cannot be seen from a public way (e.g., between two buildings on the next block). However, the Community Board feels no such restraint, and will comment freely on proposed facade details on the front AND back (but not on windows, which they leave to Landmarks). The CB is merely advisory, but my impression is that their opinion carries weight, so you gotta please ’em before you take the proposal to Landmarks proper.
ps-
I just posted that last one- also, in the neighborhoods where you’re looking, there are just a lot more houses with rental apartments as well– so you’d have a wider range of options. some of the houses that are over 1 million may actually end up giving you a lower mortgage payment than a one family home for 850. you might want to check it out.
feelingdesperate–
We were in a similar plight a couple of years ago, and we decided that the only way we could Live the Dream was to become landlords– because the tenants pay more than their share of the mortgage.
We were afraid at the time that we were overcommitting– it was terrifying to take on such a huge mortgage, knowing that if the tenants didn’t pay their rent or whatever, we’d be liable– but it’s been great. We’d never be able to have a place as nice as we do now if we didn’t take the plunge…
To the house hunter:
Take a walk around Sunset Park, I believe you can find a choice of houses in your price range that you would be proud to own.