Small Condo Conversion in Carroll Gardens
Homespun condo action, Carroll Gardens edition: The owners of 74 Second Place are in the process of converting their five-story, double-wide townhouse into four condo units. According to the construction crew working on the project, sales on the three-bedroom, two-bath apartments will start later this month. The landmark building dates back to the early ’20s,…
Homespun condo action, Carroll Gardens edition: The owners of 74 Second Place are in the process of converting their five-story, double-wide townhouse into four condo units. According to the construction crew working on the project, sales on the three-bedroom, two-bath apartments will start later this month. The landmark building dates back to the early ’20s, and since the units are going to be floor-thoughs they’ll probably each stretch a couple thousand feet. No word yet on prices. With all the massive condo developments going on in Brooklyn, it’s always interesting to hear about a small-scale conversion. Anyone out there contemplating—or in the process of undertaking—a similar project? GMAP P*Shark
This thread is bit old, bu I’d also love to know the condo conversion process.
This thread is not the freshest, but I am very curious about the condo conversion process. Where can I learn more?
I am wondering about investing in a small apt. building with another couple and gradually rennovating the units over time. We’d make two duplexes, and rent out the remaining units. I thought it would be good to have the option to sell some of the units as condos, as well as provide a framework for the two initial partners.
Thoughts? Perhaps it is too complicated?
I’m glad one person had a good experience with Awaye Realty, but all I’ve heard is bad things about them and have been told to stay far away from Awaye Realty.
Three partners and I are just finishing a small conversion of a 4 story/4 unit (22.5×44) building down the street from this 2nd place property. It has taken over 2 years, lots of cash, and would have been near impossible if I was not living there the entire time to supervise the various upgrades, surveys, plans, inspections, etc. that needed to happen. Anyway, we finally have our prospectuses so I can show by appt if anyone wants to see a unit…please email simplyhousing@gmail.com
Small bedrooms are still bedrooms. In the “classic 6” configuration, the 6th room is technically a bedroom, but it’s notoriously small.
It’s often referred to as the “maid’s room”.
We are in the process of turning our four story/four family brownstone in Bed/Stuy (Halsey between Nostrand and Marcy) into condo’s – submitting to the attoryney general in 2 weeks and hope to have on the market by the end of the year. Love seeing these “small conversions” too! From what we have learned in the process the condo conversion process definitely favors the bigger fish! Would love to hear stories of others who have done this – the learning curve has been steep.
Anything in carroll gardens will sell the area has everything there is to don In NYC. What else does one need
FYI- I bought a house listed by Arlene at Awaye and found her to be really helpful and a total straight shooter. But I dont know any thing about that building.
In a case like this, who “manages” the building? would there be a co-op board type arrangement or are the bldg owners the management company?