Wednesday, December 15, 2010

A Slice of Queens in Prospect Heights: 698 Dean Street

A paved, gated front yard with a drive-way? Welcome to Queens.... errr... Prospect Heights, that is. On a quiet, little block between Vanderbilt and Underhill, comes 698 Dean Street. Only a 2-Family and less than 40' deep, with a nice-but-dated interior, we're not sure about the pricing. Even though it's within the FHA loan range for 2-Families, the layout is odd with a basement studio and a "4BR" on top. Check the layout. With $900K-ish getting a decent amount of brick or brownstone house just off the beaten path, we're not sure one has to compromise so much over here unless the price comes down significantly. It looks like the owner's cost basis is really low, and only a little bit of equity has been taken out. So maybe there's room to move if the play works for someone.

Pro's: proximity to Vanderbilt Avenue, down the hill from Prospect Park, at least it's not a million

Con's: curb appeal, dated interior and finishes, more house could be gotten for same price

Ideally: check out if 468 Carlton's worth its price or 473 Union.

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