Wednesday, February 13, 2013

Closings of Note: Killin' It in Crown Heights

Crown Heights takes the cake again with a nifty 2-Family that BK to the Fullest readers got an exclusive open house look at on its first week out.  348 New York Avenue sold for $645K last month.  This is a great look at what value in Crown Heights can do.

Want more Crown Heights value on a limestone 2-Family?  Go even further out.  1420 Sterling Place just sold for $477K.  It's hard to find this same value in Prospect Heights, even towards Crown Heights, when even the junkyard at 760-766 Bergen Street goes for $1.5M.

Hold on, let me get this straight... there's value in Crown Heights?  Yet again, yes!  This killer 8-Family at 1444 Pacific Street was on Platinum Member radar early on, and we sent the bat signal out when negotiations at higher numbers were breaking down.  This sold for an amazing $775K.  Not bad for 6,000+ sqft and plenty of rental room to run.

After passing on renovated 2 & 3-Families in Bed-Stuy & Crown Heights last year in the $700K-$800K range, a local buyer picks up a condo in the converted "Chocolate Factory" at 689 Myrtle Avenue (with spaces like this) for $570K.

412 Vanderbilt Avenue was a little funky, but the location and size weren't up for debate.  It got $1.585M last month.  Clinton Hill and Fort Greene are not to be underestimated.

Priced out of Clinton Hill?  Try Bed-Stuy.  Even 671 Dekalb Avenue got just under $700K, which is still a great value for this size & condition, even if you think this location is too adventurous.

Even as a quick flip, 178 Stuyvesant Avenue is another look at more Bed-Stuy value, closing for $728K.

In Park Slope, right next to Al Capone's supposed former pad at 21 Garfield Place (seen above), readers picked up a sweet brick house at 19 Garfield Place for $1.135M.  Can't wait to see what they do with it.

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