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
feelingdesperate,
the rule of thumb, I believe, is that bank will consider 75% of rental income in granting a mortgage. so multiply the expected rent by .75 and figure how much mortgage that will cover in terms of monthly payment — that is roughly how much more you could afford.
From what I’ve seen here, the single families in the best parts of Lefferts Manor are generally selling above your price range, but others here know that nabe better than I — maybe there are exceptions.
Corcoran has a little 1 family on Lefferts Avenue in PLG for $619, I think. It needs work, for sure. It also has a large apartment building to the rear. But it could be a nice place for somebody. It’s definitely a great alternative to a coop. It’s been on the market forever. They must be getting desperate by now. It’s a flip.
I live on Lefferts closer toward Flatbush. It’s not a lovely little street like those in the Manor, but we’ve been very happy here so far. Our neighbors are nice.
What are they asking for that WT house? I thought it was small and awkward and the outdoor space is depressing–like a well. You are across from the park, but the bus runs right outside your windows, too.
Yeah, it’s very hard to find anything under a million in Harlem or Washington Heights. This guy will have a much easier time finding something in his budget in Brooklyn, I suppose.
Bad suggestion for this guy, I guess. But for those of you with more cash, there’s a nice selection of townhouses uptown. . . though, I should add, I think everything everywhere in NYC is overpriced.
160 Maple is still on the market at $975K.
Well actually, I don’t already know that about buying a place with a rental, Linusvanpelt. Is the idea that you can afford a larger mortgage with the rental income?
I don’t need a huge place, but room to spread out and not be on top of each other would be great. The two-story limestones on Maple were ideal for us, 2500 square feet plus a finished basement. 🙂
Ebomb, are you sure about Wash Hts and Harlem? I tried looking there and didn’t see anything for under a million. I might’ve seen a shell.
I’m with you TW. From the pictures and size described, the Washington Ave. place looks like it is priced properly. Of course you’d have to check it out yourself and see if there are any problems. I don’t think looking at what the current owner bought the place for 18 months ago is indicative of what the market will support now, especially if the current owner got a good deal previously and did some repair work or something like a CofO change to make it more marketable… You have to check it out yourself and look at the present state of the market (and your best guess as to the future of the market and your future plans) when judging the price of a property.
I thought the Maple street Citihabitats lisitng had been RAISED from an initial 925K, not lowered. Someone must have told the seller he was asking too little and now he refuses to budge even though no one is biting.
160 Maple is still on the market at $975K.
Well actually, I don’t already know that about buying a place with a rental, Linusvanpelt. Is the idea that you can afford a larger mortgage with the rental income?
I don’t need a huge place, it’s just me and my two children. But room to spread out and not be on top of each other would be great. The two-story limestones on Maple were an ideal space.