Monday, January 16, 2012

Corner 2-Family with Garages in Clinton Hill: 63 Gates Avenue

After our last look at a corner lot in Fort Greene, comes an interesting corner lot in Clinton Hill. 63 Gates Avenue is a skinny 2-Family right on the corner of Willoughby, a block from the C train. Pricing is certainly funky at $1.7M. So are the dark, interior pics we're imagining were taken with someone's blackberry...

The garages can be deceptively useless. Unless there's room to really develop them, it's kind of the most expensive place to just put your car ever. Parking spaces in new developments can sell for as little as $15K, and yet there's way more than $150K of mark-up being applied here. Just 2 years ago, the building in Boerum Hill where Rucola is, wider and also on the corner with 2 garages, fetched only $1.4M. Who is 63 Gates even remotely compelling to at this price?

And the only details we get written up on the whole property are "1 bedroom apt rental $1500 PER MONTH delivered vacant"?!? That doesn't even scratch the surface.

Pro's: corner lot, a block from the train, original details

Con's: pricing, 16' wide, garages are really wasted space in the big scheme of things

Ideally: a pretty bootleg listing that could use some revamping and a price drop.

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