Residential Sales in Brooklyn
CROWN HEIGHTS $770,000 820 Lincoln Place GMAP 3,072-square-foot two-family house built in the early 20th century. Sale closed on October 17th. Broker: Fillmore Real Estate. FLATBUSH $2.19 Million 1708 Ocean Avenue GMAP 2,436-square-foot detached house built circa 1925. One-family house sits on a 37.5×151.5 ft. Sale closed on November 16th. Photo of 820 Lincoln by…
CROWN HEIGHTS $770,000
820 Lincoln Place GMAP
3,072-square-foot two-family house built in the early 20th century. Sale closed on October 17th. Broker: Fillmore Real Estate.
FLATBUSH $2.19 Million
1708 Ocean Avenue GMAP
2,436-square-foot detached house built circa 1925. One-family house sits on a 37.5×151.5 ft. Sale closed on November 16th.
Photo of 820 Lincoln by Gregg Snodgrass for Property Shark.
We’re the new owners of the CH place. It was a bit dirty, but the most of the details are there. It needs a new kitchen, cosmetic work, a roof, and waste water line. We’re doing most of it ourselves and think it can all be done for ~ $30K.
The best part was that the rental came with great tenants.
Midwood is south of the freight tracks between H and I, Flatbush is north. South Midwood, Midwood Park, and West Midwood are small areas within Flatbush, hence the confusion.
isn’t Midwood part of Flatbush?
1708 Ocean Avenue is between Avenues L and M. The area is more commonly knows as Midwood than Flatbush.
$2.19M for a tear-down is right. The lot is “only” 37.5 feet wide, narrow for a detached house. But the lot is zoned R6A, and honking wide for a townhouse which could be built with more than 6 times the floor area of the current structure.
why dont I ever see floors of these crown heights apartments being sold?
I could afford that.
Crown Hgts looks like a great value (depending on the condition of the place). So close to train, not far from Park, etc.
The Ocean Ave sale doesn’t reflect the overall RE market in any meaningful way. A portion of the orthodox community is affluent enough — and has large enough families — to create tremendous demand for these big properties. My understanding is that most of them sell without ever reaching the open market.
Gosh I wish I owned something down there on Ocean Avenue. $2.19M for a tear down. I couldn’t get close to that for my 4200 sq.ft. renovated victorian 10 blocks away (not that I’m selling or want to right now). Who would have thought that investing in a dump in the area next to the temple on Ocean 15 years ago (which would have cost about $60K) would bring such returns? The people who bought down there actually made the best returns of anywhere in Brooklyn.
Flatbush? $2.whaT?