New to the Listings section of the blog, it's a totally legit 2-Family with parking in Crown Heights. 1307 Union Street is a 20' x 55' limestone on a 31' x 80' lot asking $1.099M. We took a look yesterday and it's fairly impressive. The house is being delivered vacant with lots of original details in great condition like ceiling beams and parquet floors...
About as rare as you'll find in brownstone Brooklyn, it's actually got a curb cut and a driveway with parking that goes all the way to the back yard. You could fit a ton of cars in this bad-boy, or greenify some of it back to a yard and still keep a ton of parking space...
It's totally live-able, the mechanicals are updated. It's just ready for some cosmetic upgrades because we doubt the finishes in the kitchens and baths are everyone's taste. It's even very serviceable as a 3-Family with the mechanicals tucked away cleanly in the basement, and full kitchen down there with finished rooms. It's missing a kitchen on one of the upper floors, but we're told the owners can put that in for asking price. The styles of many eras converge in this house. There's a pink and coral bathroom that Cousin John usually dates in the 1960's. There's split-pea green carpet on the ceiling heading down to the basement. Go with the kitsch of this wall tile or redo it your way...
Could make another great hipster hideout. Forget thinking this is too far east with the parking next door. Can't hate on the owner's cost basis unless you're prepared to source & do deals in cash, plus handle tenants. If you think this is a better-located version of the 289 Lincoln Avenue attempted flip for a million, we agree with you. If you think this is almost twice the price of what a similar house around the corner was available for just last year, then you're right again.
With an open house this weekend, it's easy to come check it out for yourself.
Pro's: curb appeal, curb cut & driveway, quiet little block in Crown Heights south, original details in great condition, vacant, updated mechanicals, use it as a 3-Family for even more income
Con's: cosmetic updates to be made, missing a kitchen upstairs, no green backyard, no use hating on the owner's cost basis
Ideally: could be a great alternative to the pricing in Crown Heights north for the right buyer
in contract...
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