Thursday, August 14, 2014

Coming to Market in Clinton Hill: Grand Avenue Brownstone

If you're looking for a full-sized brownstone on a great block in Clinton Hill, here's another one!  But getting in on the very block prime enough for Mr. Brownstoner himself ain't cheap these days.  On Platinum Member radar for months, this gem on Grand Avenue is wrapping up its renovation and hitting the market soon at just the right time.  We don't know the asking price yet, but we'll bet anyone that it cruises over.  Grand proportions tastefully touched up with stylish kitchen and bath renovations, a few light fixture accents, and great original details.

Totally turnkey out the box with nice little touches all over.  Cash deals are happening well over $2M in Clinton Hill for properties that the new buyers will put at least another million into.  So what's stopping this from going over $3M?

Mantles, medallions, and moldings - oh my!  Who says Clinton Hill can't play with the big-boy neighborhoods in Brooklyn?  Lots of buyers scoping 102 Gates Avenue will be heading over here too.

Pro's:  curb appeal, great block, great bones, original details & modern upgrades, all touched up for end-users, some product for a market that's hungry for inventory

Con's:  won't go cheap, pretty big for a 1-Family, no rental income, no central AC, buyers get very picky at these prices

Ideally:  in the hands of a record-breaking Clinton Hill broker, this cruises to a lofty price when it hits the retail market

1 comment:

  1. In contract above its reduced asking price of $2.7M: