Is the bone chilling winds of NYC winters giving you the blues? Maybe your whistling radiator or late night party animal neighbor woke you one last time? There is no better way to lose the winter blues than to move into a new home. We have you covered with this week's real estate round up.
This last weekend in January 2017 we were all over Brooklyn looking at multi families under $1.5 million and 300 Ashland, a new Two Trees development next to Atlantic Terminal.
Starting out in Sunset Park we saw a lovely 2 family on 47th Street in impeccable shape. Located only a few blocks from great subway access, a stones throw from industry city, and right by the Sunset Park. Many of these brick multi families in the area are experiences bidding wars in the $1m - $1.5m. Now that prices in South Slope and Park slope are over $2m, Sunset Park is becoming a desired option for buyers who want to stay relatively close Prospect Park or stay on the R and D line. Even tho we are in the "slow season" and the entire city seeing a heavy renters market, a 1/2 bed in Sunset Park can still give you around $2000 a month in rental income. We had a beautifully sunny day and 5th ave, the retail corridor, was lively and popping. I rate this as a BUY!
Looking for a fixer upper in Windsor Terrace? When I saw work, I mean work. We attended a PACKED open house for this 2 family priced at $1.4m in a family style 2 unit home. The block has RESIDENT ONLY PARKING. Yes you heard it right. You can only park on the street if you live on this quiet dead end street. This home had a lot of potential, but there was plenty of use as it seemed the current owner has been there for a long time. The area was amazing, but the low ceilings and the amount of work needed turned me off a little bit.
Flatbush has seen a lot of action in 2016 for single and multi families, many with full guts. I saw a great 2 family in the $1.1m price point on east 22nd street, a few blocks from the famous Kings Theater. The first floor was a lovely 2 bed, fully renovated with washer dryer, back yard access and raw unfinished but stylishly done with exposed brick painted white. The bottom duplex would likely be the owners unit, but access to the yard is only available via the second bedroom. The upstairs rental unit was very desirable with ample light, washer dryer and 3 good sized bedrooms. Rentals in the area will be in the $1700 a month range even for a 3 bedroom. I personally loved this home, but as it has been on the market for almost two months I would advise playing a little hard ball with these sellers.
I have been talking about our heavy renters market a lot this month, and if you are in the market for a new rental now is the time. 300 Ashland is Two Trees newest development right at the nexus of Park Slope, Boerum Hill, and Forte Green next to BAM. These units are a bit pricey, but when you are paying top dollar for a rental you get what you pay for. The entire building is green certified and it has a 27th story all glass gym to help you motivate for your early morning work outs. Many of the units have balconies with amazing views of all Brooklyn. There will also be cultural community facilities in the lower floors. I you sign up now you will get 2 months free and no broker fee.
If you are interested in any of these properties mentioned and would like to talk to me about organizing a showing, send me a message or give me a call. We can help advise you as buyer's or renter's agent with any of these homes. The listing links for all properties mentioned are below. Enjoy the week!