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
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…
A: 630sf, 700sf..whats the difference, its the same thing:) real estates always generalize..check any condo listing, and I guarantee their estimates are off minimum 10%
Q: 16th street: if the building is 18 x 35, how do we get a 700 square foot rental? (A: magic!)
Anon 2:48pm told me the same story when she showed me the CG Degraw street house ;). Nice try.
Yeah, that Corcoran listing with the tenant ZeeBee mentions is weird. Not only has the tenant been there forever but she even has her own part of the garden fenced off. The listing agent called her “the mayor of the block” as if that was a selling point. To me, that just means that every single person on the block will know my business. Probably has more than a little to do with why it’s been on the market for months and months. I think it was an Open House pick at one point too.
A friend who is a veteran landlord suffered the existence of a rent control tenant who was arrogantly abusive. “You’ll never get me out.” My friend’s wife got pregnant and he made the case to the rent control board that his expanding family required him to have use of the space in said tenant’s apartment. They got to evict said tenant.
RC affects sale price tremendously as, in the case of Degraw Street, you are effectively purchasing 2 floors because the typical buyer (35-45 years old) cannot do anything with the other floors for most of their expected life time. Discounted price should probably be 1.1 to 1.2.
In RS/RS you dont rise the rent Rent Control Board does it for you.
Can’t do that for RC tenants. Buyout is unlikely — everyone has been there since 1971, and in one of them, the 40-ish son is moving in ‘inheriting’ the RC apartment. Doubt he’d take a buyout.
Plus, raising the rents is _very_ hard in RC buildings.