Saturday, March 17, 2012

Turnkey & In Contract in South Slope: 144 16th Street

"Artfully renovated from top-to-bottom," this nifty little 2-Family has been on Platinum Member radar since day 1, 2 months ago. Not that it's hard to find otherwise; Corcoran doesn't play. The list price of $1.45M on 144 16th Street actually didn't sound that bad considering what small fixer-uppers go for over here. To get a renovation with all the neat finishes done already, you'd be in for this much anyways, so why not leverage 5:1? It'd take about that much to get this tiny little guy caught up to 144 16th Street, so it's not even worth trying to "cut out the middle man".

"Outdoors are easily accessible through a glass door off the living room that opens to a private deck with stairs leading down to the huge, 64 foot deep yard where you can garden till your hearts content!" A picture of that would be nice, but they didn't need it. The yard is 50' deep on the floorplan, but who's counting? With a deck over it on one floor and a little balcony on another, they're making the most of it. And the rest of the finishes make for a nice use of this little <2,000 sqft space:

There's an appetite for this all day long.

Pro's: neat renovation, totally turnkey, huge backyard, deck & balcony, "double duplex"

Con's: close to the highway, the very back edge of Park Slope, small

Ideally: what do you expect? This is kind of spot-on for this area & this market right now. We'd rather skip over to Windsor Terrace for a place that's much larger and closer to the Park, but that's just us.

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