Wednesday, August 28, 2013

Crown Heights Beauty Showing This Sunday: 291 New York Avenue

You know we love Crown Heights.  So you know we were all-in when 270 New York Avenue came out for $1.25M in this pretty little pocket of Crown Heights a few months back...

Now that 270's in contract with an asking price of $1.25M, another one comes out at 291 New York Avenue.  Not on everyone's radar, local broker Emmanuel Victor tells us he's showing it this Sunday, September 1st at 1:30pm.  With an asking price of $1.4M, we think they've got the price activity across the street in mind.  And without as much big broker REBNY competition on the scene as an Elliman listing, maybe a nice price can be struck for both sides.

With great original details and a large extension, the house is effectively used a 3-Fam plus basement with a pretty solid rent roll.

If you're diggin' the embellishments on the limestone exterior, the nice street just a block east of Nostrand, just off Eastern Parkway, then 291 might be worth a look.

Pro's:  curb appeal, great block, great details, fairly turnkey with flexibility on the rentals, not on everyone's radar

Con's:  deferred maintenance to do, it's not like it's cheap or anything, trade-off w/the big extension is not much backyard

Ideally:  we're not saying it's $1.4M, but there's a laundry list of neighborhoods in town where this identical house & situation soars over $1.7M

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