Residential Sales in Brooklyn
FORT GREENE $1.35 million 421 Clermont Avenue GMAP 3,288-square-foot, 3-family, 19th century landmark townhouse on a 22-by-100-foot lot. The property last sold for $500,000 in 2003, according to public records. PARK SLOPE $1.05 million 378 12th Street GMAP 1,205-sq.-ft., 2-bedroom, 2-bathnew townhouse condo; eat-in kitchen, oversize windows, h/w floors, washer/dryer, c/a, north and west exposures;…
FORT GREENE $1.35 million
421 Clermont Avenue GMAP
3,288-square-foot, 3-family, 19th century landmark townhouse on a 22-by-100-foot lot. The property last sold for $500,000 in 2003, according to public records.
PARK SLOPE $1.05 million
378 12th Street GMAP
1,205-sq.-ft., 2-bedroom, 2-bathnew townhouse condo; eat-in kitchen, oversize windows, h/w floors, washer/dryer, c/a, north and west exposures; common charges $175; taxes $1,572 (abated); listed at $949,000; on market 19 weeks. Broker: Corcoran Group.
Second item from the New York Times, Residential Sales Around the Region.
Photo of 421 Clermont by Sarah Westcott for Property Shark.
If she is who I am thinking of, I believe she grew up in the building and used to own it.
If you look on ACRIS, it seems that the old woman has a $300,000 mortgage on the place that hasn’t been satisfied, and the only mortgages that have been satisfied is a $100,000 private loan of some sort and a mortgage to Chase:
http://a836-acris.nyc.gov/Scripts/DocSearch.dll/ViewImage?Doc_ID=2007102500935004
http://a836-acris.nyc.gov/Scripts/DocSearch.dll/ViewImage?Doc_ID=2003060300132002
There isn’t a new mortgage yet according to ACRIS, just the deed. If this is all there is, then the new buyers paid $1,350,000 in cash, and kept the $300,000 mortgage in place. $1,650,000 is not a bad price for this place at all, although I can’t find any documents that say what the deal is with the tenant.
If she’s 80-something and she lasts another 50 years, she’s gonna make the Today show, for sure.
ah, that makes sense re the FG place. probably still be a decent deal, if tenant is fairly low maintenance and the owners have easy access to and use of the garden…
Shahn,
So, the tenant is rent-free for life?
Thank you Shahn! This explains things!
FG/TGL
Sorry to be the voice of reason here, but the four story building at 421 Clermont Avenue sold for $1.35m with the garden floor occupied by a lovely, 80 something woman with a life lease on her apartment for $0 in rent. This essentially was the sale of a renovated, three story building, with a fourth floor to be available some time in the next 50 years.
Yes, all you researchers out there…or gossip hounds…did the FG house really sell for 1.5? And if it did, why so much lower than one would expect in FG for a 100 ft deep lot? Are there issues with this property?
anyone have info in the FG house?
i mean i only see listings for like 2M, and some are even floating into the >3M range
why so low on this one?