Monday, April 4, 2011

An Interesting Blend: 441 Waverly Avenue

The skinny 2-Family parade continues, this time in Clinton Hill. 441 Waverly Avenue is a four story brick building less than 14' wide. Cocoran brings you nice, well-staged photos of the eclectically renovated interior. We like the deck and the flooring, and some of the modern touches. Although it looks like it needs no renovation, the building currently has only 1 kitchen even with the C of O for a 2-Family. That complicates things just a little for those looking to include rental income in the picture, especially if the loan requires that.

However, if you want bright & shiny in a decent location at a price tag lower than 476 Degraw or the nearby 347 Grand Avenue, then there's definitely a play to be made here. Also compare to the larger 33 Cambridge Place.

Pro's: turnkey, curb appeal, lots of interior details, on a pretty centralized & quiet block near the train as Clinton Hill goes

Con's: less than 14' wide, one kitchen, perhaps a little steep on the price

Ideally: just makes us miss 175 Greene for $1.19M

1 comment:

  1. Sold above asking price of $1.275M, for $1.325M on 7/19/2011