Open House Picks: Townhouses
Carroll Gardens 361 DeGraw Street Brownstone RE Sunday 1-3 $1,650,000 GMAP P*Shark Bedford Stuyvesant 53 Monroe Street Corcoran Sunday 12-2 $1,150,000 GMAP P*Shark South Slope 212 16th Street Douglas Elliman Sunday 12-1:30 $1,100,000 GMAP P*Shark Crown Heights 271 Brooklyn Avenue Ettelson RE Sunday 1-3 $799,000 GMAP P*Shark
Carroll Gardens
361 DeGraw Street
Brownstone RE
Sunday 1-3
$1,650,000
GMAP P*Shark
Bedford Stuyvesant
53 Monroe Street
Corcoran
Sunday 12-2
$1,150,000
GMAP P*Shark
South Slope
212 16th Street
Douglas Elliman
Sunday 12-1:30
$1,100,000
GMAP P*Shark
Crown Heights
271 Brooklyn Avenue
Ettelson RE
Sunday 1-3
$799,000
GMAP P*Shark
To anonymous at October 25, 2006 9:22 PM,
I am beginning to wonder whether you and a few of the others whiners here are a bubbleheads who are not serious buyers. Tell me what you can get for $1.6mm for a nice condo and you can get much more with just the duplex off of a brownstone. Just my 2 cents.
Posted by: Anonymous at October 27, 2006 9:45 AM
Sorry, I meant my comment to “Bored at Work”
Posted by: Anonymous at October 27, 2006 10:53 AM
Thank you…I think it’s time to consider that this website really isn’t helping buyers or sellers , and this should be brought to the attention of other real estate websites
Sorry, I meant my comment to “Bored at Work”
To anonymous at October 25, 2006 9:22 PM,
I am beginning to wonder whether you and a few of the others whiners here are a bubbleheads who are not serious buyers. Tell me what you can get for $1.6mm for a nice condo and you can get much more with just the duplex off of a brownstone. Just my 2 cents.
Thanks for your world view and the ridiculous assumptions you make about others.
The truth hurts doesn’t it?
…why hasn’t it sold for months and months? Because its WAY overpriced. Get it?
AGAIN! Have you made an offer or are you speculating? Perhaps they would accept what you might consider a reasonable price or at least what you can really afford.
10:33 anon
Thanks for your world view and the ridiculous assumptions you make about others. There may be “nothing wrong” with 361 DeGraw, but if a buyer doesn’t need to rely on rental income, why would anyone buy the headache of two RC tenants? There are plenty of brownstone duplex coops that have “terrestrial backyards.”
And if its such a gem for the right family who can wrap their heads around the concept, why hasn’t it sold for months and months? Because its WAY overpriced. Get it?
We went to the open house on Sunday of the Crown Heights property. It is in decent shape with some original details still in tact. It seems to have been broken up into an SRO at some point but that can easilly be changed…not to mention that was illegal. Solid building, great neighborhood.
Posted by: Andrew from PS at October 20, 2006 12:35 PM
“CG: 2 tenants each pay 650/month and are rent-controlled.
One set is a couple near retirement age (i.e. you can’t kick them out); second one is an elderly blind woman with her son living there; good luck kicking them out in the next 40 years.Yuck.”
Are you an actual prospective buyer?
Have you actually made an offer or are you speculating?
Posted by: anon at October 20, 2006 6:23 PM
So from the sounds of it, the DeGraw St. house is $1.65M for a duplex apt. with royal PITA neighbors who will expect you to put out their trash and fix their clogged toilets, right? What a bahgain. It’s official, the market is still insane…
I take it you’d rather shell out a monthly maintenance fee on top of a hefty mortgage to avoid taking out garbage. That’s what 1.6 gets ya otherwise. You’re probably not ready for home ownership if these simple prospects are unappealing.
Sylvia at October 23, 2006 1:16 PM
I am also interested in finding out how the market prices the DeGraw Street house. It has been on the market for some time, and not moved. It is my understanding that one of the RC tenants lives with her son (as noted above) and that his sons live with them too. As a buyer, you are facing an essentially permanent RC apartment with no hope of market-rate rentals. I am not sure of the other RC apt.There has to be a significant discount on the property. Why is anyone going to buy a duplex with modest rental income for $1.6MM?
If you’re that reliant on rental income you can’t afford the house. I have my doubts any of you really can. I saw this house and saw nothing wrong. It’s in move-in condition and offers amenities that no condo can. (read terrestrial backyard) It’s not an investement property it’s a home. That is apparently hard for some of you to wrap your heads around but for the right family this place is a gem. If I weren’t settled in, I would have made an offer on it.
Do you really believe that its a “good deal” at $1.6 with 2 RC tenants? Assuming the house is 3200 sq ft, and the duplex is 1600 sq ft, you are paying $1000/ft for a place to live (plus the neglible income from the RC tenants). For $1000/ sq ft you can get almost anything else in Brooklyn.
First of all, I have a 3 family house with two RC tenants. They don’t ask for much as they know they are getting a good deal. Most RC tenants are like everyone else, they just have a really good deal on rent.
361 Degraw looks like any other townhouse or home for that matter. If you own a home you have to deal with maintenance. It is completely manageable. In terms of disagreements, the worst that happens is you go to court and the court tells you to fix things. I don’t even pay a lawyer, I go myself. And btw, that can happen (and did happen for me) with non RC tenants. I am not a professional landlord, just someone who happened to buy two properties in CG when the timing was right.
361 Degraw looks like a good deal to me, even with RC tenants. You get the owner’s duplex, which for a comparable condo anywhere in brownstone brooklyn (PS, Ft Greene, or even DUMBO) would be priced comparably. Plus you are in walking distance to great restaurants on Smith St. I’d buy it, but I have enough properties already.