Open House Picks: Townhouses
Brooklyn Heights 12 Willow Place Brooklyn Bridge Realty Sunday 12:30-3:30 $3,800,000 GMAP P*Shark Park Slope 328 5th Street Corcoran Sunday 1-3 $1,550,000 GMAP P*Shark Prospect Heights 602 Bergen Street Brooklyn Properties Saturday 1-3 $999,000 GMAP P*Shark Bedford Stuyvesant 615 Hancock Street Abode Properties Sunday 12-2 $699,000 GMAP P*Shark Tune in tomorrow for Open House Picks:…
Brooklyn Heights
12 Willow Place
Brooklyn Bridge Realty
Sunday 12:30-3:30
$3,800,000
GMAP P*Shark
Park Slope
328 5th Street
Corcoran
Sunday 1-3
$1,550,000
GMAP P*Shark
Prospect Heights
602 Bergen Street
Brooklyn Properties
Saturday 1-3
$999,000
GMAP P*Shark
Bedford Stuyvesant
615 Hancock Street
Abode Properties
Sunday 12-2
$699,000
GMAP P*Shark
Tune in tomorrow for Open House Picks: Apartments
Actually 2:43 that is a pretty nice block in Bed-Stuy. Anyway, remember the shooting one block from the primest of prime Fort Greene blocks about three weeks ago? And another about three months ago? Get a grip.
Listings #2 & #3 are the only decent values. The one thing going for #3 is it’s historical significance but B. Ratner has seriously hindered it’s value. Unless luck prevails, it’ll go for $750K to $800K. Corcoran’s $1.35M 4-story, 20-footer #839964 on Carlton is still sitting, no?
“However, IMO, at that point it’s actually much cheaper to rent a floor-thru in a brownstone without the headaches of being a landlord”
Or buy a brownstone condo/coop.
I don’t think the BedSty is in a nice part. Malcom X Blvd is not nice – dangerous, killings, etc.
wtf–What they mean when they write that is “have tenants pay a BIT of the mortgage”. I’m convinced it’s actually code for “it’ll cost you a hell of a lot of $$ to convert this into a one or two family” so we’re targeting the folks who thought they couldn’t afford a brownstone. However, IMO, at that point it’s actually much cheaper to rent a floor-thru in a brownstone without the headaches of being a landlord.
The Bergen St house does something for me which the Willow St doesn’t. I’m not saying Willow isn’t nice, but I too, prefer a distressed house. The sink and stove are definitely keepers! You can always get rid of the “filty” lino.
As crappy as all these listing are, I think that there are buyers for all of them – it is all a matter of price. They are all grossly overpriced (I won’t comment on Hancock since I am not as familiar with the nabe). I mean what are these sellers smoking. None of these properties have anything to reccomend them, yet they are asking for premium prices. Willow Place is in the crappiest part of BH (and I LOVE this nabe – so that is saying a lot). 5th Street looks like bad tenement. I wont even comment on Bergen.
I love the 3-D floorplans Brooklyn Bridge did for the Willow St. house. That’s really helpful and I doubt that computer program is very expensive.
So, uh, to have the tenants “pay the mortgage” as the agent writes in this site, you’d have to put down a hell of a lot more than 20%.
At 20% down at 6.5% interest, mortgage payment is $7838/month. Add in taxes, insurance, heat (hot water) etc… and, um, you’re talking at least $9000/month.
So, (3) units, each at perhaps $2100/month would cover $6300/month. You’d still have to cough up around $2700/month to own this place…..
Um, so, uh, the tenants won’t be “covering the mortgage”.