Open House Picks
Park Slope 344 1st Street Broker: Brown Harris Stevens Price: $2,895,000 Sunday 1:30 – 3:00 GMAP Fort Greene 54 St. Felix Street Broker: Douglas Elliman Price: $2,695,000 Sunday 12:00 – 1:30 GMAP Gowanus 297 Hoyt Street Broker: Corcoran Price: $2,200,000 Sunday 2:30 – 4:00 GMAP Ditmas Park 1412 Ditmas Avenue Broker: Brown Harris Stevens Price:…

Park Slope
344 1st Street
Broker: Brown Harris Stevens
Price: $2,895,000
Sunday 1:30 – 3:00
GMAP
Fort Greene
54 St. Felix Street
Broker: Douglas Elliman
Price: $2,695,000
Sunday 12:00 – 1:30
GMAP
Gowanus
297 Hoyt Street
Broker: Corcoran
Price: $2,200,000
Sunday 2:30 – 4:00
GMAP
Ditmas Park
1412 Ditmas Avenue
Broker: Brown Harris Stevens
Price: $1,800,000
Saturday 2:00 – 4:00, Sunday 2:30 – 4:30
GMAP
The LLC flipper is probably one of the “I can buy your house all cash” vultures.
They prey on senior citizens or families that live out of State that are naïve to the real values. I heard of a really despicable one recently on the corner of Bedford & Midwood, I would not be at all surprised to see that on the market soon at over 2,000,000+ they paid just under a million for it. Thieves.
By saving a 5-6% commission they loose normally 30-40% of the value, but the vultures are getting greedier and greedier I have noticed lately.
re:Hoyt Street. So how does an LLC pick up property like this that never seemed to be on open market for
$1.36m and month later put on back on market for $2.2? doesn’t look like any renovation other than possibly some new kitchen cabinets.
wouldn’t be shocked if Corcoran is on both sides of the equation, getting paid twice on the LLC buy and sell.
No. Not doable. Whatever money flipper spent to clean up (not much) doesn’t add any value since needs total
reconfiguration and renovation. Corcorans other listing that haven’t been snapped up nearby are better value than this one. Other on on Hoyt and the one on Douglass for same amount are both wider. Douglass St admits needs total gut but at least on side street and lot of FAR to build out.
Other Hoyt Street has more detail and less reconfiguration but still needs more work.
Flipper will make profit easily but not until these others are sold and we see what those prices are.