Saturday, August 17, 2013

Undercover Park Slope Gem: 740 Union Street




Our main-man Morgan "Million Dollar" Munsey is back at it again with a great undercover listing in PRIME Park Slope that you won't find on your Streeteasy, your New York Times, or your Corcoran.com.  That's right.  How can anyone buy something they don't even know is for sale?  Well, that's where we come in.  We rushed over to 740 Union Street the morning Morgan told us the house was available for $2.5M, and now we're told it takes about $2M to get it done.  Contact Morgan for more details.  Fresh off his record breaking sale in Stuyvesant Heights for $1.8M, we see no reason why 740 Union Street isn't worth $2M+ to a handful of buyers who may not even know it's available.  What do you think the big brokers would list a 4-story 3-Family Park Slope brownstone like this for??

 








Not the shiny pictures you were expecting for a location this prime and a $2M house?  Well, our iPhone quickies will have to suffice.  Hiring photographers is for the brokers getting paid tens of thousands to do it!

With original details intact like mantles and built-in cabinets...








A south-facing yard...




On a block with neighbors like these...




740 Union Street deserves a lot more attention than it's getting.  Smart people are saying there's "no more Moneyball in Brooklyn", but you'd be hard pressed to name a better house in Park Slope at this price.  The house will be delivered vacant and is move-in condition as-is, but even a mere $25K kitchen in here would put it on the next level...




Narrower houses around the corner in worse condition have sold for $2M this year, like 115 Lincoln Place.  740 Union Street probably isn't ripe for an extension, but some floor-to-ceiling windows on the back would be pretty sweet...





Can't wait to see what happens...


Pro's: prime Park Slope 3-Family delivered vacant, off-market deal, original details, totally decent condition, price expectation totally in line with the market

Con's:  $2M is no small amount of money, could use some upgrades, someone's gonna be kicking themselves when they miss this house

Ideally:  when a great play falls through the cracks, we're here to catch it!


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